比特币价格摇摆：选项分析指出，尽管下降了

比特币的价格下跌，但期权分析表明，长期趋势仍然看涨。关键支持水平和市场势头至关重要。

Bitcoin Price Wobbles: Options Analysis Points to Bullish Undercurrent Despite Dip

比特币价格摇摆：选项分析指出，尽管下降了

Bitcoin's recent pullback from the $118K range to the $113K level has some investors on edge. However, a deeper look at options data and key technical indicators suggests that the overall bullish trend may still be intact. Let's dive into the factors influencing Bitcoin's price and what the experts are saying.

比特币最近从$ 118K范围降至11.3万美元的回调，有些投资者处于边缘状态。但是，更深入地查看选项数据和关键技术指标表明，整体看涨趋势可能仍然完好无损。让我们研究影响比特币价格的因素以及专家在说什么。

Key Support Levels and Market Momentum

关键支持水平和市场势头

Despite the short-term weakness, Bitcoin is still trading well above its 200-day Simple Moving Average (SMA), a key indicator of long-term uptrends. The recent dip broke below the $115K–$116K support zone, but analysts are eyeing crucial support levels that could signal a continuation of the bullish trend.

尽管短期疲软，但比特币仍远高于其200天简单移动平均线（SMA），这是长期上升趋势的关键指标。最近的下降幅度低于$ 115K - $ 116K的支持区，但分析师正在关注关键的支持水平，这可能表明看涨趋势的延续。

According to cryptocurrency analyst Axel Adler, the $112,000 level is currently a critical support area. A break below this level could lead to the price testing $110,000, with $108,000 acting as psychological support. Adler also notes that a decline in 30-day momentum to 3% indicates a weakening uptrend, while a rebound above 8–10% could signal buyers re-entering the market.

根据加密货币分析师Axel Adler的说法，$ 112,000的水平目前是关键的支持领域。低于此水平的休息可能会导致价格测试$ 110,000，108,000美元作为心理支持。阿德勒还指出，30天的势头下降至3％，这表明上升趋势趋势，而超过8-10％的反弹可能会向买家重新进入市场。

Options Market Insights: Bearish Positions Weakening?

期权市场见解：看跌姿势削弱？

Adler's analysis of the Bitcoin options market reveals interesting insights. The Maximum Loss price for the August 8, 2025, expiration date is at $118,000, which could act as a magnet for price action as we approach that date. More importantly, the sharp decline in option selling volume at levels above $110,000 suggests that bearish positions are weakening. This could indicate a shift in sentiment and a potential for upward price movement.

阿德勒对比特币期权市场的分析揭示了有趣的见解。 2025年8月8日到期日期的最高损失价格为$ 118,000，当我们接近那个日期时，这可以用作价格动作的磁铁。更重要的是，期权销售量的急剧下降以高于110,000美元的水平表明看跌头寸正在减弱。这可能表明情绪的转变和向上价格变动的潜力。

Bullish vs. Bearish Scenarios: What to Watch For

看涨与看跌的情况：值得注意的

While the long-term trend remains bullish, it's crucial to consider both bull and bear scenarios. Key buy zones to watch include the $112,000 – $111,000 zone (a confluence of the 50-SMA and recent structure) and the $100,000 – $99,280 zone (strong psychological and structural support backed by the 200-SMA). An extreme bear scenario could see Bitcoin dropping to $75,000, representing a 35% drawdown from the recent top.

尽管长期趋势仍然看涨，但考虑牛和熊情景至关重要。要观看的钥匙购买区包括$ 112,000 - $ 111,000的区域（50-SMA和最近的结构的汇合）以及100,000美元 - $ 99,280区（由200-SMA支持的强大心理和结构支持）。极端的熊情况可能会使比特币降至75,000美元，这是最近顶级的35％的缩水。

External Factors and Institutional Activity

外部因素和机构活动

External risks, such as weak employment data and rising trade tariffs, have played a role in the recent market correction. However, major companies like Coinbase and Tether, along with institutional strategy funds, have made significant Bitcoin purchases, indicating continued confidence in the cryptocurrency's long-term potential. Coin outflows from exchanges also continue, suggesting that investors are moving their Bitcoin into long-term storage.

外部风险，例如较弱的就业数据和贸易税率上升，在最近的市场纠正中发挥了作用。但是，像Coinbase和Tether这样的主要公司以及机构战略基金都进行了大量的比特币购买，表明对加密货币的长期潜力的持续信心。交易所的硬币流出也在继续，这表明投资者正在将其比特币转移到长期存储中。

The Bottom Line: Stay Calm and Hodl On?

最重要的是：保持冷静和hodl？

Bitcoin's price may be experiencing some turbulence, but the underlying fundamentals remain strong. Options analysis suggests that bearish positions are weakening, and key support levels are holding. As long as Bitcoin stays above the $112,000 – $111,000 zone, the bullish trend is likely to continue. So, take a deep breath, keep an eye on those charts, and remember: in the world of crypto, a little volatility is just part of the fun!

比特币的价格可能会经历一些动荡，但基本的基本面仍然很强。选项分析表明，看跌的位置正在减弱，关键支持水平正在保持。只要比特币停留在112,000美元至111,000美元的区域以上，看涨的趋势很可能会持续下去。因此，深吸一口气，密切关注这些图表，并记住：在加密世界中，一点波动只是乐趣的一部分！