测试104,000美元的电阻后，比特币（BTC）价格停滞不前：购买蘸酱的时间？

本周早些时候，比特币经历了一场著名的激增，攀升至104,000美元以上，每周的收益接近10％。但是，在达到此水平后，资产似乎遇到了抵抗

Bitcoin price dropped slightly on Wednesday, pausing its recent rally as traders assessed the cryptocurrency's technical setup amid signs of short-term uncertainty.

比特币的价格在周三略有下跌，由于交易者评估了短期不确定性迹象，因此暂停了其最近的集会。

At the time of writing, BTC is trading at $103,663, reflecting a modest 1.7% decrease over the past 24 hours.

在撰写本文时，BTC的交易价格为103,663美元，反映了过去24小时内降低1.7％。

One of CryptoQuant’s top analysts, Darkfost, offered an analysis of why the world’s leading cryptocurrency has stalled at these levels. According to the analyst, the slowdown appears to be linked to the activity in the derivatives market.

CryptoQuant的一位顶级分析师Darkfost提供了分析，分析了为什么世界领先的加密货币在这些层面上停滞不前。根据分析师的说法，放缓似乎与衍生品市场的活动有关。

Specifically, Darkfost pointed out that the cumulative net taker volume has remained in negative territory since BTC crossed above the $100,000 psychological threshold. This suggests that there are more aggressive sell orders (shorts) than buy orders (longs), creating pressure for lower prices.

具体而言，DarkFost指出，自BTC超过100,000美元的心理门槛以来，累积的净接收器数量一直处于负面领域。这表明，比购买订单（渴望）更具侵略性的卖出订单（短裤），这给价格较低的压力带来了压力。

The analyst explained that net taker volume is a useful gauge of real-time trader sentiment. When it trends negative, it usually signals that market participants expect prices to drop, leading to more short-selling.

分析师解释说，净收入人数是实时交易者情绪的有用量。当它趋于负面时，它通常表示市场参与者期望价格下跌，从而导致更卖空。

This imbalance in derivatives market suggests that traders are increasingly skeptical about Bitcoin’s ability to reach a new all-time high in the very short term.

衍生品市场的这种不平衡表明，交易者越来越怀疑比特币在短期内达到历史最高水平的能力。

“The main reason why BTC is currently stuck at these levels comes from the derivatives market,” Darkfost wrote on X, formerly Twitter.

Darkfost在Twitter X上写道：“ BTC目前陷入这些水平的主要原因是来自衍生品市场。”

“The cumulative net taker volume has mostly remained in negative territory since BTC climbed back above the psychological $100 000 level.

“自BTC攀升到心理$ 100 000的水平以来，累积的净接收器数量一直保持在负面的领域。

What does this mean ? 0In simple terms, there has been more selling pressure than buying pressure on BTC. This is despite the fact that BTC managed to rally from $90 000 to $108 000 and is still holding above $100 000.”

这是什么意思？ 0在简单的术语中，销售压力比在BTC上购买压力更大。尽管事实是BTC设法从900 000美元到108 000美元，但仍持有超过$ 100 000。”

Another technical analyst, Javon Marks, offered his own insights into the recent price action. According to Marks, Bitcoin appears to be forming a bull flag pattern. This technical formation is usually seen as a pause in an uptrend before the continuation of the move.

另一位技术分析师Javon Marks对最近的价格行动提供了自己的见解。根据Marks，比特币似乎正在形成公牛旗模式。在继续移动之前，这种技术形成通常被视为在上升趋势中的停顿。

“Bitcoin looks to be bull flagging right under all-time highs. A breakout can send it above $108 000 to new all-time highs.”

“比特币看起来在历史新高的高潮下都在吹牛。突破可以将其寄给新的历史高点以上。”

Moreover, Marks highlighted that altcoins are exhibiting behavior similar to previous market cycles. He pointed out the surges seen in 2017 and 2021. According to the analyst, the current phase may precede a broader altcoin rally, which historically follows Bitcoin’s moves.

此外，马克（Marks）强调，山寨币表现出类似于以前的市场周期的行为。他指出了在2017年和2021年看到的浪潮。根据分析师的说法，当前阶段可能是在更广泛的山寨币集会之前，历史上遵循比特币的举动。