专家警告比特币（BTC）价格进一步下跌：原因如下

比特币的价格走势最近引起了分析师的兴趣，其中包括顶级加密货币分析师阿里，他警告称比特币还会出现更多下跌。

Top crypto analyst Ali has observed a pattern of price dips following each rejection of Bitcoin’s Market Value to Realized Value (MVRV) ratio from its 90-day average.

顶级加密货币分析师 Ali 观察到，每次比特币的市场价值与实现价值 (MVRV) 比率低于 90 天平均值后，价格都会下跌。

According to Ali’s analysis, each time the MVRV ratio is rejected from this key level, it has preceded a substantial price correction.

根据阿里的分析，每次MVRV比率从这个关键水平被拒绝时，都预示着价格的大幅回调。

After each rejection, BTC’s price has dropped significantly. For instance, following the rejection in May, BTC’s price dropped by 16%. Subsequently, it faced further rejections, leading to price drops of 26% in June and July, 29% in August, and 19% in September.

每次被拒绝后，BTC 的价格都会大幅下跌。例如，在 5 月份被拒绝后，BTC 的价格下跌了 16%。随后，它又遭到拒绝，导致 6 月和 7 月价格下跌 26%，8 月下跌 29%，9 月下跌 19%。

Moreover, the latest rejection, which occurred in late September, has already caused a 10% decline in BTC’s value.

此外，9月下旬发生的最新拒绝已经导致BTC价值下跌10%。

Another crucial aspect highlighted by Ali is the MVRV oscillator, which is represented by the purple dots on his chart. This oscillator measures Bitcoin’s momentum and indicates shifts between positive and negative trends.

Ali 强调的另一个重要方面是 MVRV 振荡器，在他的图表上用紫色点表示。该振荡器衡量比特币的动量并表明积极趋势和消极趋势之间的转变。

Whenever Bitcoin’s MVRV ratio faces rejection at the 90-day average, it signals a transition to negative momentum, which aligns with the sharp price declines.

每当比特币的 MVRV 比率面临 90 天平均线的拒绝时，就标志着向负动能的转变，这与价格的急剧下跌相一致。

As observed in Ali’s chart, each MVRV rejection has been followed by a shift in the oscillator to indicate negative momentum, coinciding with the substantial price drops.

正如 Ali 的图表中所观察到的，每次 MVRV 拒绝之后都会出现振荡器的变化，以表明负动量，与价格大幅下跌同时发生。

This pattern suggests that Bitcoin’s current price weakness may not be over. Ali’s analysis points out that the oscillator’s transition to negative momentum has typically led to further drops. If the trend continues as it has over the past several months, traders should be prepared for more volatility.

这种模式表明比特币当前的价格疲软可能尚未结束。阿里的分析指出，振荡指标向负动量的转变通常会导致进一步下跌。如果这种趋势像过去几个月一样持续下去，交易者应该为更大的波动做好准备。

Historical trends, as outlined by Ali, indicate that Bitcoin may experience additional losses if the pattern repeats. With Bitcoin already down by 10% since the latest rejection, the potential for further price dips remains a concern for traders.

正如阿里所概述的历史趋势表明，如果这种模式重复，比特币可能会遭受额外损失。自最近一次拒绝以来，比特币已经下跌了 10%，价格进一步下跌的可能性仍然是交易者担心的问题。

According to CoinGecko at press time, Bitcoin is trading at $61,151.45 with a 0.45% decrease in the last day and a 6.60% drop over the past week.

据 CoinGecko 截至发稿，比特币交易价格为 61,151.45 美元，最后一天下跌 0.45%，过去一周下跌 6.60%。

In light of the MVRV ratio rejection, analysts and traders are keeping a close watch for signs of continued weakness in Bitcoin’s price.

鉴于 MVRV 比率被拒绝，分析师和交易员正在密切关注比特币价格持续疲软的迹象。