Polkadot [dot]重新点燃了看涨的势头，从3.75美元低于$ 3.85的水平急剧上升为稳固的支持。

该资产在其关键需求区域上方划出了经典的杯子和手柄图案，这表明潜在的趋势延续。

Polkadot [DOT] has quickly gained bullish momentum as it rebounded sharply from the lower $3.75 zone and flipped the $3.85 level into a strong support.

Polkadot [dot]很快就获得了看涨的动力，因为它从较低的3.75美元区域急剧反弹，并将$ 3.85的水平翻转成强烈的支持。

Now, the asset is forming a classic cup-and-handle pattern as it attempts to break above the key $5.00 resistance, which also serves as the upper boundary of the long-term demand zone. This move is setting the stage for a potential continuation of the bullish trend. At the time of writing, DOT is trading at $4.11, showing a strong 9.21% daily increase.

现在，该资产试图超越关键$ 5.00电阻，这也是长期需求区域的上限，因此该资产正在形成经典的杯手柄图案。此举为看涨趋势的潜在延续奠定了基础。在撰写本文时，DOT的交易价格为4.11美元，显示每日增长9.21％。

This move follows a decisive shift in the market structure and is in line with increasing technical strength.

这一举动遵循市场结构的决定性转变，并且与技术实力的提高一致。

Thus, the angle will be to examine if DOT’s renewed structure, combined with rising volume and improving macro conditions, can sustain its push toward the $5.00 resistance.

因此，角度将是检查DOT的更新结构是否加上不断增长的体积和改善宏观条件，可以维持其朝着5.00美元的电阻推向。

Are bulls gaining control?

公牛会得到控制吗？

DOT’s derivatives data continues to display aggressive build-up of long positions. As seen in the data from Coinglass, trading volume surged by +45.85% to $494.41 million, while Open Interest jumped +12.89% to $376.11 million.

DOT的衍生工具数据继续显示出长期位置的积极积累。从Coinglass的数据中可以看出，交易量的飙升 +45.85％，至4.941亿美元，而开放利息跃升了 +12.89％，至376.11亿美元。

This simultaneous increase in both metrics, alongside the price appreciation, suggests that fresh capital is flowing into the market rather than traders booking profits.

这两个指标的同时增长以及价格升值都表明，新的资本正在流入市场，而不是交易者预订利润。

This behavior indicates that traders are anticipating continuation rather than reacting to short-term spikes. Hence, the bullish sentiment observed in derivatives adds another layer of confirmation to DOT’s current technical setup.

这种行为表明交易者正在期望延续，而不是对短期峰值做出反应。因此，在衍生物中观察到的看涨情绪为DOT当前的技术设置增加了另一层确认。

Moreover, the latest price breakout coincided with a wave of short liquidations. As shared by Glassnode, over $354.86K in short positions were wiped out, compared to just $48.19K in longs.

此外，最新的价格突破与短暂的清算浪潮相吻合。正如GlassNode所共有的那样，耗尽了超过354.86K的$ 354.86K，而渴望仅为48.19万美元。

This data shows that sellers were caught off guard and forced to exit, further fueling the upside momentum.

该数据表明，卖方措手不及并被迫退出，进一步加剧了上行势头。

Furthermore, Binance’s liquidation map reveals a thick layer of short pressure between $3.75 and $4.10. DOT’s rapid climb through this zone triggered a cascade of stop losses and quickly cleared the way for further gains.

此外，Binance的清算图显示了$ 3.75至4.10美元之间的较厚压力层。 DOT在该区域的迅速攀爬引发了一系列的停车损失，并迅速为进一步的收益扫清了道路。

As a result, the path toward $5.00 appears less encumbered and more technically feasible, considering the technical selloffs that unfolded as price sliced through the last band of short positions.

结果，考虑到通过在最后一个短职位上切成薄片的价格销售的技术抛售，通往5.00美元的道路似乎较少，而且技术上的可行性更高。

Is macro momentum lifting DOT?

宏动量抬起点吗？

Beyond the immediate price action, macro-level liquidity trends are also aiding the bullish narrative. As seen in the chart, the M2 Global Liquidity Index has climbed to 97.3, showcasing a sustained increase in capital flowing into risk assets.

除了立即采取价格行动之外，宏观流动性趋势也有助于看涨的叙述。如图所示，M2全球流动性指数已攀升至97.3，展示了流入风险资产的资本持续增加。

In the past, DOT has largely moved in tandem with this index. When liquidity shrinks, DOT tends to follow suit, and vice versa.

过去，DOT在很大程度上与该指数同时移动。当流动性收缩时，DOT倾向于效仿，反之亦然。

Hence, the current expansion of liquidity bodes well for DOT to continue its rally. Additionally, this external confirmation strengthens the argument that DOT’s rise is not in isolation but part of a broader shift in the market structure.

因此，当前的流动性尸体良好的范围使DOT继续进行集会。此外，这种外部确认加强了以下论点：DOT的崛起不是孤立的，而是市场结构更广泛转变的一部分。

Polkadot [DOT]’s bullish breakout is no fluke. Technical momentum, liquidation-driven acceleration, and macro-level liquidity alignment are setting the stage for further upside.

Polkadot [dot]的看涨突破不是flu虫。技术动量，清算驱动的加速度和宏观流动性一致性正在为进一步的上升空间奠定基础。

As traders continue to build long positions and short pressure has largely been flushed out, the next critical level to watch will be $5.00. If buying interest can maintain its strength, then DOT seems poised to test—and potentially break—this key psychological barrier in the near term.

随着贸易商继续建立长时间的职位，短期压力已大大浮出水面，要观看的下一个关键水平将为5.00美元。如果购买兴趣可以保持其实力，那么DOT似乎准备在短期内测试这一主要的心理障碍。