尽管有90天的关税停顿，但比特币仍面临不确定性

尽管在美国政府对新关税的90天停顿之后，比特币攀升至80,000美元以上，但领先的分析公司Swissblock认为该市场尚未确认真正的底层。

Despite Bitcoin (BTC) reclaiming the $80,000 level following the U.S. administration’s 90-day pause on new tariffs, leading analytics firm Swissblock says the market has yet to confirm a true bottom.

尽管比特币（BTC）在美国政府对新关税的90天停顿之后收回了80,000美元的水平，但领先的分析公司Swissblock表示，该市场尚未确认真正的底层。

In a post on X, Swissblock cautioned that recent gains in BTC don’t necessarily signal a clear breakout.

在X上的一篇文章中，SwissBlock警告说，最近的BTC收益并不一定标志着明显的突破。

“Don’t let your guard down yet! The 90-day trade war extension eases tensions, but we’re not out of the woods,” the firm warned.

该公司警告说：“不要让您的警卫失望！为期90天的贸易战争延伸会缓解紧张局势，但我们并没有离开树林。”

Bitcoin recently slid back into the $78,000–$79,000 range and has now risen above $80,000, but Swissblock says the rally lacks the strength and volume for a confirmed trend reversal.

比特币最近滑回了78,000美元至79,000美元的范围，现在已经上涨了80,000美元，但Swissblock表示，该集会缺乏确认趋势逆转的实力和量。

Bitcoin Risk Signal Still Flashing Caution

比特币风险信号仍在谨慎

Swissblock’s proprietary Bitcoin Risk Signal—a composite indicator that tracks price behavior, on-chain metrics, and broader trading conditions—shows that while risks are manageable, they remain elevated.

Swissblock的专有比特币风险信号（一个追踪价格行为，链指标和更广泛的贸易条件的综合指标），显示了尽管风险是可管理的，但它们仍保持升高。

“Market risk must ease for a true bottom. It’s under control but still high. We are not yet in a low-risk regime,” Swissblock explained.

Swissblock解释说：“市场风险必须放松。它正在控制，但仍然很高。我们还没有处于低风险政权。”

Credit: Swissblock

图片来源：瑞士集团

Bitcoin Bottom Formation Still in Progress

比特币底部的形成仍在进行

According to Swissblock, Bitcoin remains in a classic “bottoming cycle,” transitioning from a bottom through a downtrend phase before moving into uncharted bullish territory.

根据Swissblock的说法，比特币仍然处于经典的“底部周期”中，从底部到下降阶段过渡，然后进入未知的看涨领土。

“We’re in a downtrend phase, which is normal. The bottom is close, but not confirmed,” they said, adding that price action still suggests caution.

他们说：“我们处于正常趋势阶段，这是正常的。底部是近距离的，但尚未确认。”他们补充说，价格动作仍然表明谨慎。

Key Level to Watch: $80,000

观看的关键水平：$ 80,000

For Bitcoin to validate a bullish shift, it must maintain support above $80,000 and consolidate with strong volume, in the opinion of Swissblock.

为了使比特币验证看涨的转变，它必须维持超过80,000美元的支持，并以强劲的价格巩固了Swissblock。

“Bitcoin must hold $80,000 and consolidate to break the downward compression. Strength and volume are key for a bullish shift,” the firm said.

该公司说：“比特币必须持有80,000美元，并合并以破坏向下压缩。强度和数量是看涨的转变的关键。”

As global markets remain on edge and macroeconomic uncertainty lingers, analysts and investors will be watching closely to see if BTC can convert this rebound into a full-scale reversal.

随着全球市场保持边缘和宏观经济不确定性的持续存在，分析师和投资者将密切关注，以查看BTC是否可以将这种反弹转化为全尺度逆转。