比特币为决定性举动做准备，眼睛流动性超过$ 105K

经过一个安静的周末，比特币为决定性举措做准备。价格行动已巩固到100,000美元至105,000美元之间的紧密范围 - 从历史上讲，这是一个在大规模突破或急剧校正之前的设置。

After a weekend of low volatility and quiet price action, Bitcoin is poised for a decisive move. The cryptocurrency has consolidated into a tight range between $100,000 and $105,000, a setup that usually precedes either massive breakouts or sharp corrections.

经过低波动和安静的价格动作的周末，比特币有望做出决定性的举动。加密货币已合并成100,000美元至105,000美元之间的紧密范围，这种设置通常是在大规模突破或急剧校正之前进行的。

While bulls have managed to keep control for now, the momentum is fragile and could quickly shift if BTC breaks below key support levels around the $100K mark.

尽管公牛暂时设法保持控制权，但这种动力是脆弱的，如果BTC在$ 10万美元的标记左右的关键支持水平以下，可能会很快转移。

The broader market is growing impatient, with many expecting a breakout to all-time highs. However, crypto analyst Daan shared insights suggesting that Bitcoin has recently shown signs of relative weakness compared to traditional equities.

更广泛的市场越来越不耐烦，许多人期望突破有史以来高潮。但是，加密分析师Daan分享了见解，表明比特币最近显示出与传统股票相比的相对弱点的迹象。

According to Daan, this followed the announcement of a US-China trade deal, which reduced macroeconomic uncertainty and reignited strength in stocks.

根据丹恩（Daan）的说法，这是在宣布美国 - 中国贸易协议之后的，该协议降低了宏观经济不确定性并重新点燃了股票的实力。

Bitcoin Surges During Instability But Stalls Despite Calm Markets

比特币在不稳定期间的激增，但尽管市场平静，但尽管如此

As shared by Daan, the analysis showed that while Bitcoin reacted strongly to prior instability and outperformed equities during a period of outflows, this trend has since reversed.

正如Daan所共有的那样，分析表明，虽然比特币对先前不稳定性的反应强烈，并且在流出期间表现优于股票，但这种趋势却逆转了。

According to his observations, this shift in performance followed the news that the US and China had reached a “Deal,” which in turn fueled a risk-on rally in equities.

根据他的观察，这种绩效的转变是在消息称美国和中国达成的“交易”之后，这反过来促进了股票的风险集会。

As the chart shows, Bitcoin stalled just below its all-time high, failing to outperform as equities continue climbing.

如图所示，比特币停滞在其历史最高水平以下，随着股票继续攀升，比特币未能表现跑赢大盘。

This divergence highlights that BTC is increasingly being viewed as a hedge during periods of instability, rather than a risk-on asset. With tension easing, capital may be rotating elsewhere, at least in the short term.

这种差异强调，在不稳定时期，BTC越来越多地被视为对冲，而不是风险登机的资产。随着张力缓解，至少在短期内，资本可能会在其他地方旋转。

All eyes are now on whether Bitcoin can break free from this range and reclaim leadership.

现在，所有人的目光都集中在比特币是否可以摆脱此范围并恢复领导力。

Bitcoin Faces Resistance But Eyes Liquidity Above $105K

比特币面对阻力，但眼睛流动性超过$ 105K

Bitcoin continues to consolidate above the $103,000 level, forming a tight range that typically precedes major moves. Bulls are pushing to reclaim momentum, but resistance at the $105,000 mark remains strong.

比特币继续巩固高于$ 103,000的水平，形成了通常在主要动作之前的紧密范围。公牛队正在努力恢复动力，但105,000美元的抵抗力仍然很强。

Liquidity clusters just above this level and into the all-time high zone around $109,000, making it a critical region for a potential breakout. However, growing short positions have kept pressure on BTC, slowing upward momentum despite favorable broader conditions.

流动性集群刚好高于此水平，并进入了109,000美元左右的历史最高区域，这使其成为潜在突破的关键区域。但是，越来越多的短职位一直对BTC保持压力，尽管条件更广泛，但仍会减慢向上的动力。

Daan’s technical analysis adds depth to this picture. His review of the BTC/SPX 1D chart shows that Bitcoin has recently failed to outperform stocks, a notable change from previous weeks.

Daan的技术分析为这张照片增加了深度。他对BTC/SPX 1D图表的评论表明，比特币最近未能胜过股票，这与前几周相比明显变化。

The relative weakness followed news that the US reached a “Deal” with China, reducing market uncertainty and fueling a risk-on rally in equities. Bitcoin, on the other hand, stalled just below its highs.

相对弱点是消息称，美国达成了与中国达成的“交易”，减少了市场不确定性并加剧了股票的风险集会。另一方面，比特币停滞在其高点下方。

This divergence suggests that Bitcoin is evolving into an asset that investors lean into during periods of outflows or global instability. While it may be underperforming in the short term compared to equities, BTC’s strong run-up prior to the trade deal remains intact.

这种分歧表明比特币正在发展为投资者在流出或全球不稳定期间倾向于的资产。尽管与股票相比，在短期内可能表现不佳，但BTC在贸易协议之前的强劲增长仍然完好无损。

Daan adds that continued monitoring of this ratio will be crucial as the macro environment shifts, especially if new volatility emerges.

Daan补充说，随着宏观环境的变化，对该比率的持续监测至关重要，尤其是在新的波动率出现的情况下。

Weekly Chart Analysis: Breakout Confirmation Still Pending

每周图表分析：突破确认仍在待处理

The weekly chart for Bitcoin shows a strong recovery from the April lows, with BTC now consolidating just below the key $105,000 resistance zone.

比特币的每周图表显示，从四月的低点恢复了强劲的恢复，而BTC现在巩固了关键$ 105,000的电阻区。

After reclaiming the $100,000 psychological level with a powerful bullish candle, the price is stabilizing around $103,000–$104,000, suggesting growing pressure for a breakout into new all-time highs.

在用强大的看涨蜡烛收回了100,000美元的心理水平之后，价格稳定在103,000-104,000美元左右，这表明越来越多的压力逐渐突破到新的历史最高点。

Volume has remained relatively stable, with no extreme spikes, indicating steady interest rather than aggressive speculation. The structure still favors the bulls, as the current weekly candle holds above last week’s high and the price continues to trade well above both the 200-week SMA at $47,372 and the EMA at $52,453.

体积保持相对稳定，没有极端的尖峰，表明稳定的兴趣而不是激进的猜测。该结构仍然有利于公牛，因为当前的每周蜡烛持有上周的最高水平，而且价格持续远高于200周的SMA，价格为47,372美元，而EMA的交易价格为52,453美元。

The chart suggests that if Bitcoin can close the week above $105,000, we could see an explosive move into price discovery. However, repeated rejections at this level would increase the likelihood of a short-term correction. The $100,000 mark remains the key support for maintaining a bullish structure.

该图表表明，如果比特币可以在105,000美元以上关闭一周，我们可能会看到价格发现的爆炸性。但是，在此级别上重复拒绝会增加短期校正的可能性。 100,000美元的大关仍然是维持看涨结构的主要支持。

Momentum remains with the bulls, but caution is warranted as this is historically a high-risk, high-reward zone. Traders are watching closely to see if Bitcoin can break cleanly above resistance and begin a new leg higher.

公牛仍然保持势头，但要谨慎，因为这是历史上一个高风险，高回报的区域。贸易商正在密切关注，以查看比特币是否可以干净地超过阻力，并开始更高的新腿。