比特币合并刚低于其历史最高$ 112,000

比特币的合并刚好低于其历史最高112,000美元，随着跨越更广泛的加密市场的发展，保持看涨的结构。

Bitcoin (BTC) price is consolidating just below the $110,000 mark on Thursday, holding firm after an aggressive rally brought it close to the $112,000 all-time high (ATH).

比特币（BTC）的价格在周四的110,000美元不足之下，在积极的集会使其接近112,000美元的历史最高水平（ATH）之后。

Despite the pause in upside momentum, bulls appear to be in control as both the daily and weekly charts show a well-defined uptrend structure, with higher highs and higher lows continuing to build. This consolidation phase appears to be a healthy cooldown as many technical indicators suggest that the crypto juggernaut is setting itself up for the next major move.

尽管上升势头停顿，但公牛似乎仍处于控制状态，因为每日和每周图表都显示出明确的上升趋势结构，高高和较高的低点仍在继续建造。这个合并阶段似乎是一种健康的冷却阶段，因为许多技术指标都表明，加密制制制款正在为下一个重大举措设置自己。

As capital begins to return to the crypto market, with many analysts calling for an expansive summer, the narrative around Bitcoin is shifting. Not only does it show technical resilience, but also compelling on-chain data that fuels the sentiment shift.

随着资本开始重返加密货币市场，许多分析师呼吁度过一个宽敞的夏季，围绕比特币的叙述正在发生变化。它不仅显示出技术的弹性，而且还显示出促进情感转变的链上数据。

According to insights from Alphractal, Long-Term Holders (LTHs)—those holding BTC for more than six months—are not distributing their coins but rather continue to accumulate. In fact, the supply held by LTHs is steadily increasing, a sign of deep conviction and reduces liquid supply in the market.

根据Alphractal的见解，长期持有人（LTHS）（持有BTC的持有BTC超过六个月）并没有分发其硬币，而是继续积累。实际上，LTHS持有的供应正在稳步增长，这是坚定信念的标志并减少了市场上的液体供应。

This behavior from experienced holders, who typically act with a longer-term vision, further reinforces the bullish thesis. When LTHs are not selling into strength, it often sets the foundation for sustainable rallies.

经验丰富的持有人的这种行为通常具有长期的视野，进一步加强了看涨论文。当lths不销售力量时，它通常为可持续集会奠定了基础。

With a strong technical base, rising interest from institutions, and Long-Term Holders tightening the supply vise, Bitcoin appears to be setting the stage for a powerful summer ahead.

凭借强大的技术基础，机构的兴趣不断提高以及长期持有人收紧了供应面包，比特币似乎为一个强大的夏天奠定了基础。

Bitcoin Consolidates As Market Dynamics Shift

比特币随着市场动态变化而巩固

Bitcoin is currently trading at $109,863, holding firm just below the $110,000 mark. The price action remains bullish, with BTC consolidating in a tight range after a powerful breakout above the $103,600 resistance zone, which is now acting as key support.

比特币目前的交易价格为109,863美元，持有公司低于110,000美元的公司。价格动作仍然看涨，在超过103,600美元的电阻区的强大突破之后，BTC巩固了范围，现在它是主要的支持。

This consolidation appears healthy and controlled, as buyers continue to defend higher lows. The 34-day EMA is also rising steadily, confirming strong short- to mid-term momentum, currently at $101,928.

随着买家继续捍卫更高的低点，这种整合似乎是健康和受控的。 34天EMA也稳步上升，证实了强劲的短期到中期势头，目前为101,928美元。

At the same time, BTC is comfortably above the 50, 100, and 200-day SMAs, which are now all aligned to the upside—a classic signal of trend strength. Volume has slightly decreased during this phase, which is typical for consolidation after a breakout.

同时，BTC舒适地超过了50、100和200天的SMA，这些SMA现在都符合到上升方案 - 趋势强度的经典信号。在此阶段，体积略有下降，这是突破后固结的典型特征。

This price behavior suggests that bulls are not exhausted but rather preparing for the next leg up. A daily close above $112K with volume confirmation would likely push BTC into price discovery, with potential upside targets around $120K to $125K.

这种价格行为表明，公牛没有用尽，而是为下一条腿做准备。每天收盘超过$ 112K，并确认数量，可能会将BTC推向价格发现，潜在的上行目标约为12万美元至125,000美元。

Until then, the $103,600–$105,000 zone remains the critical area to hold. As long as BTC stays above this region and maintains its higher structure, the broader uptrend remains intact, and the bullish outlook is unchanged.

在此之前，$ 103,600- $ 105,000的区域仍然是要持有的关键区域。只要BTC停留在该地区并保持其较高的结构，更广泛的上升趋势仍然完好无损，看涨的前景没有改变。