比特币达到$ 108,000，在其历史最高远处达到了惊人的距离

几个小时前，比特币达到了108,000美元的水平，在其历史最高远处以109,000美元的高度距离。公牛继续表现出力量

Bitcoin (BTC) nearly touched the $108,000 mark just a few hours ago, coming within striking distance of its all-time high (ATH) at $109,000. While bulls have shown strength and managed to maintain some momentum, the market has yet to deliver a clear breakout into price discovery. The resistance at the ATH remains a critical barrier that must be breached for BTC to confirm a new rally phase and launch into a sustained impulsive move.

几个小时前，比特币（BTC）几乎触及了108,000美元的大关，在其历史最高高（ATH）的惊人距离之内，为109,000美元。尽管公牛已经表现出力量并设法保持了一定的动力，但市场尚未在价格发现中引起明显的突破。 ATH的阻力仍然是一个关键的障碍，必须违反BTC确认新的集会阶段并发动持续的冲动行动。

Investor sentiment is mixed as volatility narrows and price action tightens, suggesting a decisive move is nearing. According to new insights from CryptoQuant, compression is building up again on the daily timeframe, marking the third instance of such a setup in this current bull cycle. Historically, similar compressions have preceded major breakouts, signaling that the market may be preparing for another explosive leg higher.

投资者情绪混合在一起，随着波动范围的变化和价格行动的收紧，这表明果断的举动即将来临。根据CryptoQuant的新见解，Compression再次在每日时间范围内再次建立，这标志着当前牛周期中这种设置的第三个实例。从历史上看，类似的压缩已经发生了重大突破，这表明市场可能正在为另一个爆炸腿较高做准备。

However, without a confirmed breakout, caution remains. The consolidation around these levels could either lead to a surge above the ATH or another round of profit-taking and correction. All eyes are now on how BTC handles the $109K level, as the outcome will likely shape market direction heading into the final stretch of Q2.

但是，没有确认的突破，谨慎行事。这些水平的巩固可能会导致高于ATH的激增，或者是另一轮获利和更正。现在，所有人的目光都关注BTC如何处理$ 109K的水平，因为结果可能会影响到第2季度最终的市场方向。

Compression Builds As Bitcoin Struggles Near All-Time High

压缩构建是比特币挣扎的近距离挣扎

Bitcoin is currently facing a pivotal moment in its market structure as it tests resistance levels just below its all-time high. The price surged to $108,000 but continues to be met with persistent sellers at key supply zones that are capping bullish momentum.

比特币目前在其市场结构中面临着关键时刻，因为它测试了低于其历史最高水平的阻力水平。价格飙升至108,000美元，但在关键的供应区域中，持续的卖家仍在限制看涨势头。

Despite the impressive rally since April, where BTC gained over 40% in value, many analysts are now calling for a retrace if bulls fail to deliver a convincing breakout. A critical support level at $100,000 is now the line in the sand. Losing it could trigger a deeper correction and shake short-term investor confidence.

尽管自4月以来举行了令人印象深刻的集会，而BTC的价值获得了40％以上，但如果公牛队未能提供令人信服的突破，许多分析师现在呼吁进行回顾。现在，$ 100,000的关键支持水平已成为沙子。失去它可能会引发更深入的更正并动摇短期投资者的信心。

While the technical setup points to potential upside, the market sentiment doesn’t yet reflect the typical euphoria seen near ATH levels. Instead, the tone remains cautious. Liquidity continues to build above the $108,000 mark, and a decisive push beyond that could finally initiate the next phase of price discovery.

尽管技术设置指向潜在的上行空间，但市场情绪尚未反映出在ATH级别接近的典型欣快。相反，语气仍然谨慎。流动性继续超过108,000美元，而果断的推动力最终可以启动下一阶段的价格发现。

Top analyst Axel Adler adds weight to the bullish case, noting that on the daily timeframe, compression is building up once again, marking the third such event in this bull cycle. Historically, a trio of compressions preceded the explosive 2018 rally. Adler suggests that the current price action resembles a tightly coiled spring, ready to release. Whether that energy resolves upward or downward remains to be seen, but the setup signals a large move is imminent.

顶级分析师阿克塞尔·阿德勒（Axel Adler）为看涨案例增加了权重，并指出在日常的时间表上，压缩再次建立，标志着该公牛周期中的第三个事件。从历史上看，三个压缩在2018年爆炸性集会之前。阿德勒（Adler）建议，当前的价格动作类似于准备释放的紧密盘绕的春天。能量是否向上还是向下解析还有待观察，但是设置信号迫在眉睫。

In short, Bitcoin remains caught between growing bullish pressure and looming market hesitation. A clean break above $109,000 could confirm the start of an impulsive rally, but if sellers take control, a sharp retrace could follow. Either way, volatility is on the horizon.

简而言之，比特币仍在看涨的压力和迫在眉睫的市场犹豫之间。超过$ 109,000的干净休息时间可以确认冲动集会的开始，但是如果卖方控制了，则可能会进行急剧的回顾。无论哪种方式，波动率即将到来。

Technical Details: BTC Flirts With ATH

技术详细信息：BTC调情与ATH

Bitcoin continues to trade within a tight consolidation range on the 4-hour chart, holding above the key $103,600 support level. After reaching a local high of around $108,000, BTC saw a sharp rejection that brought it back to $106,166 at the time of writing. This price action reflects rising indecision in the market as bulls defend higher lows but fail to push into new highs above the ATH.

比特币继续在4小时图表上的紧密整合范围内进行交易，超过了103,600美元的支持水平。 BTC达到了大约108,000美元的当地高点之后，在写作时看到了一个急剧拒绝，将其带回了106,166美元。这种价格行动反映了市场上的犹豫不决，因为公牛捍卫了更高的低点，但未能进入高于ATH的新高点。

The 200 EMA and 200 SMA are well below the current price at $98,119 and $97,254, respectively, reinforcing a bullish structure in the medium term. Volume remains relatively stable but has not shown the strength typically needed to break out of a consolidation pattern. This suggests that traders are still waiting for a clearer directional signal.

200 EMA和200 SMA远低于目前的价格，分别为98,119美元和97,254美元，在中期中加强了看涨的结构。体积保持相对稳定，但尚未显示出脱离整合模式所需的强度。这表明交易者仍在等待更清晰的方向信号。

If BTC breaks above the $108K resistance, a retest of the $109K ATH becomes likely. However, failure to hold above $103,600 could trigger a deeper pullback, with the $100K level acting as a critical psychological and technical support zone.

如果BTC超过了108,000美元的抵抗力，则可能会重新测试10.9万美元的ATH。但是，如果不超过103,600美元，则可能会引发更深层次的回调，而10万美元的水平充当关键的心理和技术支持区。