比特币以$ 105,706的价格达到了抵抗，在进入侧向合并之前略低于其历史最高水平

回调改变了加密货币周围的普遍情绪，导致用户（尤其是零售商人）之间的犹豫不决。

Bitcoin met resistance at $105,706, slightly below its all-time high, before entering a sideways consolidation. The pullback altered the prevailing sentiments around the cryptocurrency, leading to indecision among users, especially retail traders.

在进入侧向合并之前，比特币的阻力为105,706美元，略低于其历史最高水平。回调改变了加密货币周围的普遍情绪，导致用户（尤其是零售商人）之间的犹豫不决。

A close observation reveals massive sell orders just below Bitcoin’s all-time high, triggering curiosity among traders who became inquisitive about why such "sell walls" appear and their implications for the cryptocurrency’s future.

仔细观察表明，大量的卖出订单刚好低于比特币的历史最高水平，引发了对为什么出现这种“卖墙”及其对加密货币未来的影响而变得好奇的交易者的好奇心。

What Are These Bitcoin Sell Walls and Why Do They Appear?

这些比特币是什么卖墙，为什么出现？

For context, crypto traders describe sell walls as massive orders to sell a digital asset, in this case Bitcoin, concentrated around a specific price region. These walls often emerge after the BTC price has made a strong rally, signaling that institutional traders or large holders, often called crypto whales, might be looking to take profits.

在上下文中，加密货币交易者将出售墙壁描述为出售数字资产的大规模订单，在这种情况下，比特币集中在特定的价格区域周围。在BTC价格进行了强烈的集会之后，这些墙通常会出现，这表明机构交易员或大型持有人（通常称为加密鲸鱼）可能正在寻求获利。

Retail traders often identify sell walls by reviewing order books on notable exchanges, using them as trading guides and pointers to what may come. The latest Bitcoin market condition highlights the typical effect of such scenarios, considering the digital asset’s recent price consolidation and consequent sideways movement.

零售交易者经常通过审查有关著名交易所的订单书来识别卖墙，并将其用作交易指南和指针。考虑到数字资产最近的价格合并以及随之而来的侧向运动，最新的比特币市场条件突出了这种情况的典型效果。

Related: Bitcoin Tests All-Time High: Analysts Predict Potential Pullback and Consolidation

相关：比特币测试历史高：分析师预测潜在的撤回和合并

Retail Response: Learning from Historical Sell Wall Patterns

零售回应：从历史卖墙模式中学习

Although retail traders may not understand why institutional traders choose their sell targets, historical trends display a consistent pattern. Such patterns that form over the years inform retailers’ trading decisions, influencing how they approach the market during such periods.

尽管零售交易者可能不了解机构交易者为什么选择其卖出目标，但历史趋势表现出一致的模式。多年来形成的这种模式为零售商的贸易决策提供了信息，从而影响了它们在此期间如何接近市场的方式。

For instance, some traders believe crypto whales install sell walls deliberately to push the price down further during bull runs. Such whales may be intentional because they want to buy more assets at lower rates after the price drops. Others may prefer to cash in on their trades and conclude a trading phase.

例如，一些交易者认为加密鲸鱼安装卖墙有意故意在公牛运行期间进一步降低价格。这样的鲸鱼可能是故意的，因为他们想在价格下跌后以较低的价格购买更多资产。其他人可能更喜欢从交易中兑现并结束交易阶段。

Sell Walls Near Bitcoin’s ATH: A Clear Signal for Crypto Traders

出售比特币ATH附近的墙：加密交易者的明确信号

No matter their intentions, the effect of the massive sell orders and their historic patterns provides crucial information for traders. As mentioned, they occur around crucial levels, like notable resistance and all-time highs.

无论他们的意图如何，大规模卖出订单及其历史模式的影响为交易者提供了重要的信息。如前所述，它们发生在关键水平上，例如著名的阻力和历史最高水平。

So, for seasoned digital asset traders, seeing sell walls forming near Bitcoin’s ATH isn’t necessarily a surprise. Instead, it’s a clear signal to adjust their strategies, watch the Bitcoin market very closely, and make carefully considered decisions to protect their investments while still aiming for profits during this period of price consolidation.

因此，对于经验丰富的数字资产交易者来说，看到比特币ATH附近形成的墙壁的卖墙并不一定令人惊讶。取而代之的是，调整他们的策略，非常密切关注比特币市场，并仔细考虑保护其投资的决策是一个明显的信号，同时在此价格合并期间仍致力于利润。

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