比特币（BTC）达到了新历史最高的$ 111,861

随着比特币披萨日将BTC推到111,000美元以上，我们才刚刚开始吗？

Bitcoin (BTC) price analysis: BTC pulls back slightly after hitting new all-time high of $111,861

比特币（BTC）价格分析：BTC跌入新的历史最高点111,861美元后，略有退缩

Bitcoin price is pulling back slightly after hitting a new all-time high of $111,861 earlier in the session. The cryptocurrency rose as high as $111,861 in early trading on May 22, later pulling back to around $111,500.

在会议早些时候，比特币价格略有稍微退缩。在5月22日早期交易中，加密货币上涨了高达111,861美元，后来又回到了111,500美元左右。

The new peak came as U.S. stock markets fell the previous day, highlighting a growing divergence between Bitcoin and traditional equities. Typically, there is a correlation between the Nasdaq and Bitcoin, especially during periods of economic uncertainty, but that wasn’t the case on Thursday.

新的山峰是在美国股市前一天下降的，强调了比特币和传统股票之间的差异。通常，纳斯达克和比特币之间存在相关性，尤其是在经济不确定性时期，但事实并非如此。

Several developments may be contributing to the divergence. On Friday, the U.S. Senate advanced a bill that would create a regulatory framework for stablecoins, aiming to prevent the shadow banking system from engaging in activities that could destabilize the financial system.

几个发展可能导致分歧。周五，美国参议院提出了一项法案，该法案将为Stablecoins创建监管框架，旨在防止影子银行体系从事可能破坏金融体系稳定的活动。

The bill, which is the first formal move toward broader cryptocurrency legislation in the U.S., focuses specifically on dollar-pegged digital assets, presenting an opportunity for the administration to quickly pass a meaningful measure.

该法案是美国迈向更广泛的加密货币立法的首次正式行动，它专门针对美元的数字资产，为政府提供了迅速通过有意义的措施的机会。

The legislation stems from a broader initiative to regulate cryptocurrencies, with the administration aiming to complete the regulatory landscape by year’s end.

该立法源于一项更广泛的计划，以规范加密货币，政府旨在在年底之前完成监管格局。

The bill's passage comes amid increasing attention on the risks posed by stablecoins, especially following the collapse of FTX and the subsequent scrutiny of the crypto space.

该法案的通过越来越多地关注稳定币的风险，尤其是在FTX崩溃以及随后对加密货币空间的审查之后。

Moreover, institutional investors appear to be showing greater interest in Bitcoin. JPMorgan Chase & Co. CEO Jamie Dimon announced during the bank’s annual investor meeting on Thursday that clients would now be able to purchase Bitcoin through the firm’s platforms.

此外，机构投资者似乎对比特币表现出更大的兴趣。摩根大通公司（JPMorgan Chase＆Co。）首席执行官杰米·戴蒙（Jamie Dimon）在周四的年度投资者会议上宣布，客户现在可以通过该公司的平台购买比特币。

While JPMorgan won’t be directly holding the asset, offering access through its infrastructure marks a key change for one of the world’s largest banks.

虽然摩根大通不会直接持有资产，但通过其基础设施提供访问量标志着世界上最大的银行之一的关键变化。

JPMorgan’s CEO Jamie Dimon also stated, “I’m not a fan of Bitcoin,” adding that he prefers "a great country" or a "great currency" to Bitcoin.

摩根大通的首席执行官杰米·戴蒙（Jamie Dimon）也表示：“我不是比特币的粉丝”，并补充说，他更喜欢“一个伟大的国家”或比特币的“伟大货币”。

Despite his personal preference, the move responds to rising client interest in cryptocurrency investments.

尽管他个人的偏爱，此举仍对客户对加密货币投资的兴趣不断增加。

The move by JPMorgan comes as other major institutions, such as BlackRock and Charles Schwab, are also showing interest in the crypto space.

摩根大通（JPMorgan）的举动是其他主要机构（例如贝莱德（Blackrock）和查尔斯·施瓦布（Charles Schwab））对加密货币空间的兴趣。

Rising interest from big institutions could lead to greater institutional capital flows into crypto in the coming months.

在接下来的几个月中，大型机构的兴趣不断提高可能导致更大的机构资本流入加密货币。

Bitcoin technical analysis

比特币技术分析

The daily chart on Bitcoin shows a clean breakout structure. Following a prolonged consolidation between January and mid-April, where prices held within a narrow band between $95,000 and $105,000, momentum began building in late April with a steady upward move.

比特币上的每日图表显示出干净的突破结构。在1月至4月中旬之间长时间的合并之后，价格在狭窄的乐队中保持在95,000美元至105,000美元之间，势头从4月下旬开始建立，并稳定地向上行动。

A more defined breakout emerged once BTC pushed past the $105,000 resistance, a level that had capped multiple rally attempts since the beginning of the year.

一旦BTC推开了105,000美元的电阻，就出现了更明确的突破，这一水平自今年年初以来一直在限制了多次集会尝试。

The recent price action established a clear pattern of higher highs and higher lows, reinforcing the bullish trend. The current leg of the rally began from the April swing low near $73,000.

最近的价格行动确立了更高高点和更高低点的明显模式，从而增强了看涨趋势。集会的当前腿从4月的秋千低点接近73,000美元开始。

From that level, Bitcoin has gained over 50% in less than two months, climbing with minimal pullbacks and entering a zone of limited historical reference, where price discovery becomes more speculative.

从这个级别上，比特币在不到两个月的时间内增长了50％以上，以最少的回调攀爬，并进入历史参考有限的区域，在这种情况下，价格发现变得更具投机性。

The area between $105,000 and $107,000 now acts as the first major support zone. This range acted as resistance during the earlier consolidation and has likely flipped into support following the breakout.

现在，$ 105,000至107,000美元之间的面积是第一个主要支持区。该范围在较早的整合过程中充当阻力，并可能在突破后转向支撑。

A potential retracement into this zone would offer traders a key area to gauge market strength and the likelihood of trend continuation.

潜在的回溯该区域将为交易者提供一个关键领域，以衡量市场实力和趋势延续的可能性。

However, psychological round numbers like $115,000 and $120,000 may act as soft barriers, considering how commonly such levels influence behavior in crypto markets.

但是，考虑到这种水平通常如何影响加密市场的行为，诸如115,000美元和120,000美元之类的心理回合数量可能是软壁垒。

Sustaining a daily close above $112,000 with strong volume could open the way toward the $118,000 to $120,000 zone, where sellers might begin to emerge and trigger partial profit-taking.

每天在112,000美元以上的每日关闭，批量强劲，可以为$ 118,000至$ 120,000的区域开放，卖方可能会开始出现并触发部分利润。

From a trend perspective, momentum indicators are likely approaching overbought conditions. While that doesn’t imply an immediate reversal, it does highlight the increasingly stretched nature of the move.

从趋势的角度来看，势头指标可能正在接近过分购买的条件。尽管这并不意味着立即逆转，但它确实突出了这一举动的越来越伸展的本质。

A deeper pullback would bring the $98,000 to $100,000 region into focus. This zone holds structural importance and could serve as secondary support before any larger move lower.

更深层次的回调将使$ 98,000至100,000美元的地区成为重点。该区域具有结构性的重要性，可以作为次要支撑，然后再降低较大的移动。

Losing that level might lead to a broader retest of the $92,000 to $95,000 range, where Bitcoin spent considerable time consolidating earlier in the year.

失去这一水平可能会导致更广泛的重新测试，其中92,000至95,000美元的范围，比特币在今年早些时候花费了相当长的时间。

For now, the technical structure remains strong, supported by confirmed breakout levels and active participation across both spot and derivatives markets.

目前，技术结构保持强大，并得到确认的突破水平和衍生品市场的积极参与。

Bitcoin price analysis: BTC pulls back slightly after hitting new all-time high of $111,861

比特币价格分析：BTC跌入新的历史最高点111,861美元后，略有退缩

Bitcoin price is pulling back slightly after

比特币的价格在稍微撤回