比特币（BTC）收回$ 90K00，加剧了新的乐观

比特币已收回了90,000美元的成绩，在整个加密货币市场上发挥了新的乐观情绪。随着情感转移和看涨电话的回归，许多投资者再次着眼于六位数。但是，并非一切都像在表面之下一样。

Bitcoin has hit a critical resistance level as bulls attempt to reclaim the $95,000 price point, which could determine near-term momentum. Breaking above the $88,600 resistance sparked a key shift in market sentiment, enabling bulls to take charge and push price action into a new range.

随着公牛试图收回95,000美元的价格，比特币达到了关键的阻力水平，这可以决定近期势头。超过88,600美元的电阻超过了市场情绪的关键转变，使公牛能够负责并将价格推动到新的范围内。

However, to maintain this momentum and set up a run toward the highly anticipated $100,000, sustained demand will be essential. Analysts warn that a healthy retracement may occur before the next leg up, especially considering current market conditions.

但是，要维持这一势头并朝着备受期待的100,000美元迈进，持续需求将是必不可少的。分析师警告说，在下一条领域之前可能会发生健康的回溯，尤其是考虑到当前的市场状况。

Lit: Bitcoin faces critical resistance as bulls attempt to reclaim $95K[/url]

点亮：随着公牛试图收回$ 95K [/url]，比特币面临着关键的抵抗力

Volatility and uncertainty continue to dominate the landscape, with fear still lingering despite the recent rally. Much of this caution stems from ongoing global tensions and the unstable macro environment that has unfolded since US President Donald Trump’s re-election in November 2024.

波动性和不确定性继续主导着景观，尽管最近举行了集会，但恐惧仍在徘徊。这种警告的大部分源于自2024年11月美国总统唐纳德·特朗普（Donald Trump）连任以来的持续全球紧张局势和不稳定的宏观环境。

With tariffs rising and trade negotiations with China growing increasingly tense, investors remain hesitant to commit fully to risk assets. This fragility is evident in the rapid shifts in market trends and the potential for swift reversals, especially if macroeconomic conditions deteriorate or derivative positions begin to unwind.

随着与中国与中国越来越紧张的贸易谈判的上升和贸易谈判的增加，投资者仍然犹豫要完全致力于风险资产。这种脆弱性在市场趋势的迅速变化和迅速逆转的潜力中很明显，尤其是如果宏观经济状况恶化或衍生品职位开始放松时。

Top analyst Maartunn shared a sobering on-chain analysis on X, highlighting a concerning disconnect between Bitcoin’s price action and network activity. According to his findings, the recent surge is largely driven by ETF flows and increasing open interest in the derivatives market—factors that more often precede a reversal rather than a sustainable rally.

顶级分析师Maartunn在X上分享了一项清醒的链分析，强调了比特币的价格动作与网络活动之间的断开连接。根据他的发现，最近的激增在很大程度上是由ETF流动和对衍生品市场的开放兴趣越来越大的驱动的。衍生品市场的兴趣是逆转而不是可持续的集会之前的因素。

Maartunn describes the current state of the Bitcoin network as a “ghost-town,” where there is very little new activity or visible inflows from real users. This divergence between price and on-chain fundamentals raises questions about the sustainability of the current move.

Maartunn将比特币网络的当前状态描述为“幽灵镇”，那里很少有新的活动或可见的真实用户流入。价格和链基本面之间的这种差异提出了有关当前迁移的可持续性的疑问。

For Bitcoin to push convincingly past $95K and set up a run toward $100K, stronger spot demand and an uptick in real user activity will likely be necessary. Until then, traders should approach the next phase of Bitcoin’s price action with caution and keep an eye on key support levels. A breakdown below $90K could negate the recent recovery momentum.

为了使比特币令人信服地推高95,000美元，并将其设置为$ 10万美元，可能需要更强大的现货需求和上升的实际用户活动。在此之前，交易者应谨慎处理比特币的下一阶段，并密切关注关键支持水平。低于$ 90K的细分可能会否定最近的恢复势头。