比特币价格面临压力：空头占据主导地位，比特币分析

比特币价格面临看跌压力，测试关键支撑位。技术分析揭示了空头夺取控制权时潜在的下行风险。

Bitcoin Price Under Pressure: Bears Take Control, BTC Analysis

比特币价格面临压力：空头占据主导地位，比特币分析

Bitcoin's recent struggles have put the bears firmly in control, with the price facing significant headwinds. The cryptocurrency is currently navigating critical support levels, and technical indicators suggest further downside potential. Let's dive into what's driving this bearish sentiment and what to watch for.

比特币最近的挣扎让空头牢牢控制住了比特币，价格面临着巨大的阻力。该加密货币目前正处于关键支撑位，技术指标表明还有进一步下行的潜力。让我们深入探讨是什么推动了这种看跌情绪以及需要注意什么。

Technical Breakdown: Bears in Charge

技术分析：空头主导

After failing to sustain above the $116,000 resistance, Bitcoin's price has taken a sharp turn. The break below $110,000, a level that previously acted as a strong base for buyers, signals a loss of bullish momentum. Currently trading below $109,000, BTC is at risk of testing lower support zones.

在未能维持在 116,000 美元阻力位上方之后，比特币的价格发生了急剧转变。跌破 110,000 美元（该水平此前是买家的坚实基础），标志着看涨势头的丧失。目前交易价格低于 109,000 美元，BTC 面临测试较低支撑区域的风险。

The 4-hour and daily charts reveal a rejection from the $116,000 resistance, accompanied by a decline in trading volume, often a precursor to a trend reversal. The formation of a descending channel suggests further downside continuation unless Bitcoin can swiftly reclaim lost ground.

4 小时图和日线图显示，116,000 美元阻力位遭到拒绝，并伴随着交易量下降，这通常是趋势逆转的先兆。下降通道的形成表明，除非比特币能够迅速收复失地，否则下行趋势将进一步延续。

Key Levels to Watch

值得关注的关键水平

• $110,000: Failing to reclaim this level on a daily close increases the likelihood of retesting $104,000–$100,000.
• $104,000–$100,000: A break below $108,000 could extend the decline toward these levels.
• $112,500: A strong bounce reclaiming $110,000, followed by a close above this, could neutralize the bearish structure.

On-Chain Data and Market Sentiment

链上数据和市场情绪

On-chain data indicates a slight cooling in accumulation activity, with whale wallet inflows to exchanges rising modestly. Derivative funding rates are neutral, suggesting traders aren't overly leveraged. Overall sentiment is cautiously bearish, with eyes on the $100,000 liquidity zone, aligning with Bitcoin’s long-term ascending trendline from mid-2024.

链上数据显示，积累活动略有降温，交易所的鲸鱼钱包流入量小幅上升。衍生品融资利率呈中性，表明交易者并未过度杠杆化。总体情绪谨慎看跌，关注 10 万美元流动性区域，与 2024 年中期以来比特币的长期上升趋势线保持一致。

Potential Scenarios

潜在场景

• Bearish Scenario: Continued selling pressure below $108,000 could drive Bitcoin toward $104,000, with a break below exposing $100,000–$95,000.
• Bullish Reversal Scenario: A reclaim of $110,000, followed by a close above $112,500, could neutralize the bearish structure and potentially lead to another push toward $116,000–$120,000.
• Neutral/Range-Bound Setup: Bitcoin could consolidate between $104,000 and $111,000, especially if macro data or ETF flows remain quiet.

The Gold Connection

黄金连接

Interestingly, Bitcoin's movements seem intertwined with gold. Historically, when gold rallies, Bitcoin tends to consolidate, and vice versa. With gold recently breaking records, Bitcoin's rally has been subdued. However, some analysts believe that once gold's rise cools off, Bitcoin could resume its upward trajectory, potentially targeting new all-time highs. This rotation between the two assets could provide valuable insights into Bitcoin's next move.

有趣的是，比特币的走势似乎与黄金交织在一起。从历史上看，当黄金上涨时，比特币往往会盘整，反之亦然。随着黄金最近打破纪录，比特币的涨势受到抑制。然而，一些分析师认为，一旦金价的涨势降温，比特币可能会恢复上行轨迹，并有可能创下历史新高。这两种资产之间的轮换可以为比特币的下一步走势提供有价值的见解。

Final Thoughts: Navigating the Bearish Phase

最后的想法：度过看跌阶段

Bitcoin's break below $110,000 has handed temporary control to the bears. Technicals suggest a cooling phase that could see BTC revisit deeper supports around $104,000–$100,000 before buyers resurface. However, the broader uptrend remains intact as long as Bitcoin holds above its $95,000 macro support.

比特币跌破 11 万美元，暂时将控制权交给了空头。技术面显示，在买家重新出现之前，比特币可能会进入冷却阶段，重新回到 104,000 美元至 100,000 美元左右的更深支撑位。然而，只要比特币保持在 95,000 美元的宏观支撑之上，更广泛的上升趋势就保持不变。

So, buckle up, crypto enthusiasts! It might be a bumpy ride in the short term, but remember, even the fiercest bears can't keep the digital gold down forever. Keep an eye on those key levels, and who knows, maybe we'll see a bullish resurgence sooner than we think!

所以，系好安全带，加密货币爱好者！短期内这可能会是一段坎坷的旅程，但请记住，即使是最凶猛的空头也无法永远压垮数字黄金。密切关注这些关键水平，谁知道呢，也许我们会比我们想象的更早看到看涨复苏！