随着山寨币进入高挥发性阶段，比特币的售价高于$ 103K

随着整个加密货币市场进入一个高挥发性阶段，比特币（BTC）处于关键水平上

The cryptocurrency market is entering a high-volatility phase with renewed optimism and strong momentum, especially for Bitcoin (BTC). As the leading cryptocurrency consolidates at critical levels, market participants are keenly interested in whether it will break above its all-time highs or face another rejection. Both scenarios could trigger significant ripple effects across the altcoin space.

加密货币市场正在以新的乐观和强大的势头进入高挥发性阶段，尤其是对于比特币（BTC）。由于领先的加密货币在关键水平上巩固，市场参与者对它是否会超越其历史最高点或面临其他拒绝感兴趣。两种情况都可能触发整个Altcoin空间的显着连锁反应。

This transition phase will be defined by a key indicator: the Bitcoin Market Performance & Altcoin Spread, closely followed by top analyst Axel Adler. This proprietary metric from CryptoQuant measures relative performance and momentum across major assets like ETH and SOL compared to BTC. A reading above 50% is viewed as confirming that an altseason has begun, shifting capital flows from Bitcoin to altcoins.

这个过渡阶段将由一个关键指标定义：比特币市场性能和Altcoin差异，紧随其后的是顶级分析师Axel Adler。与BTC相比，该主要资产等主要资产等主要资产的相对绩效和动量的衡量标准与BTC相比。高于50％的读数被认为确认了Altseason已经开始，将资本流量从比特币转移到了Altcoins。

According to Adler, this indicator is now at 38%, just 12 percentage points away from the decisive signal. As visualized in the chart below, green dots on the oscillator highlight historical instances where the 30-day moving average of the indicator crossed the 50% line, marking the beginning of an altseason.

根据阿德勒（Adler）的说法，该指标现在为38％，距离决定性信号仅12个百分点。如下图所示，振荡器上的绿点突出了历史实例，其中指标的30天移动平均线越过了50％的线，标志着Altseason的开始。

If this key level is reached, it would indicate that capital is rotating out of Bitcoin and into altcoins at an overwhelming rate, setting the stage for a broader risk-on environment.

如果达到此关键水平，则表明资本以压倒性的速度从比特币中旋转到山寨币中，为更广泛的风险环境奠定了基础。

Bitcoin Price Analysis: BTC Consolidates Below Key Resistance

比特币价格分析：BTC在关键阻力以下合并

The weekly chart for Bitcoin shows that the price is currently consolidating just below the all-time high zone after failing to break cleanly above it. BTC reached a high of $105,706 before pulling back and closing the weekly candle around $103,850. This level marks a critical resistance area, historically significant from January’s peak, and now acting as a short-term ceiling for bullish continuation.

比特币的每周图表表明，该价格目前在未能干净地超过其上方后，刚好在历史最高区域以下。 BTC达到了105,706美元的高价，然后退后并关闭每周蜡烛约103,850美元。该水平标志着一个关键的阻力区域，从一月份的山峰开始就具有历史意义，现在是看涨延续的短期上限。

Despite the rejection from highs, the structure remains bullish. BTC is holding well above the psychological $100,000 level and key moving averages. The 200-week SMA sits far below at $47,375, and the 200-week EMA at $52,457, both indicating a strong long-term uptrend is intact.

尽管拒绝了高点，但该结构仍然是看好的。 BTC远高于心理$ 100,000的水平和关键的移动平均水平。 200周的SMA远低于47,375美元，200周EMA为52,457美元，都表明长期上升的强劲上升趋势是完整的。

Volume over recent weeks confirms rising participation, supporting the idea of growing interest as Bitcoin approaches price discovery once again. The key now is whether bulls can reclaim the $105K level on a weekly closing basis, which would open the door for a breakout toward $109K and beyond.

最近几周的数量证实了参与的不断增长，随着比特币再次发现价格发现的兴趣的想法。现在的关键是，公牛是否可以每周结束时收回105,000美元的水平，这将为$ 109K及以后的售价打开大门。

If the price fails to hold above $100K in the coming sessions, a deeper retrace could test lower support zones around $96K–$94K. Still, the momentum is bullish, and the weekly close above $103K keeps the rally alive.

如果价格在即将到来的会议上未能持有超过$ 10万美元，则更深层次的回溯可以测试较低的支撑区，约为$ 96K- $ 9.4K。尽管如此，这种势头还是看好的，每周的收盘价超过$ 103K，还保持了集会的活力。