达到新的历史高币后，比特币（BTC）进入了一个轻微的稳定阶段。

比特币的现货价格约为109,600美元，在以前有史以来高中的破损标志的持续看涨趋势中。

After hitting a new all-time high, Bitcoin is entering a slight stabilization phase. Discover our complete technical analysis and the scenarios to watch for BTC.

达到了新的历史最高水平后，比特币进入了一个轻微的稳定阶段。发现我们的完整技术分析和观看BTC的方案。

BTC/USD Technical Analysis

BTC/USD技术分析

The spot price of bitcoin is trading around $109,600, still in a sustained bullish trend following the breakout of the previous all-time high. The weekly variation of +2.42% marks a recovery after a short consolidation phase, accompanied by a clear resurgence in activity, with weekly volumes reaching $44 billion, up 41%. Technically, the trend remains firmly bullish in the long term (200 SMA), while the pace accelerates in the medium term (50 SMA), confirming positive momentum. In the short term (20 SMA), the upward phase continues, although some signs of fatigue appear. Momentum shows a slight recovery but remains in an overbought zone, suggesting stabilization of momentum rather than a strong acceleration.

比特币的现货价格约为109,600美元，在以前的历史最高水平突破之后仍处于持续的看涨趋势。 +2.42％的每周变化标志着短暂的合并阶段后的恢复，伴随着明显的活动复兴，每周量达到440亿美元，增长了41％。从技术上讲，从长远来看（200 SMA），这种趋势仍然坚定地看涨，而速度在中期（50 SMA）中加速了，证实了积极的势头。在短期（20 SMA）中，尽管出现了一些疲劳迹象，但上升阶段仍在继续。动量显示出轻微的恢复，但仍处于过多的区域，表明动量稳定而不是强大的加速度。

Bitcoin (BTC) Technical Levels

比特币（BTC）技术级别

In an active consolidation context under resistance, Bitcoin is trading near major technical levels, with an still constructive market structure. Resistances at $110,500 and $112,000 (previous ATH) are critical zones that could serve as distribution thresholds if buying power exhausts. On the downside, supports at $106,790, $100,700, and $91,713 represent important defense levels, often linked to accumulation phases. The last daily breakout at $109,346 validates a bullish technical breach of the previous all-time high, reinforcing a positive short-term bias. The monthly pivot point at $88,177 remains well below the current price, serving as a structural reference level. Finally, the volume profile highlights an upper value area at $111,434 and a lower value area at $103,500, delineating a market balance beyond which a more significant imbalance could emerge.

在阻力下的积极合并环境中，比特币的交易接近主要的技术水平，具有建设性的市场结构。电阻为110,500美元和112,000美元（以前的ATH）是关键区域，如果购买电力排气，则可以用作分配门槛。不利的一面是，支援$ 106,790，100,700美元和91,713美元代表着重要的国防水平，通常与累积阶段有关。上次每日突破$ 109,346验证了对以前历史最高水平的看涨技术破坏，从而增强了积极的短期偏见。每月的枢轴点为88,177美元，远低于当前价格，作为结构参考水平。最后，该数量概况突出显示了一个高价值面积为$ 111,434，较低的价值面积为103,500美元，划定了市场平衡，超出了市场平衡，可能会出现更大的不平衡。

Market Sentiment

市场情绪

The market operates in a greed zone, reflecting euphoric sentiment and a clear resurgence in risk appetite. BTC spot ETFs register significant inflows, indicating clear institutional support for the current bullish momentum.

市场在贪婪的地区运作，反映出欣快的情绪和风险食欲的明显复兴。 BTC斑点ETF登记了大量流入，表明对当前的看涨势头的机构支持明显。

The current technical analysis was conducted in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.

当前的技术分析是与Elyfe合作进行的，而0xhugzer，加密货币市场的投资者和教育者。

Derivatives Analysis (BTC/USDT)

衍生物分析（BTC/USDT）

Derivatives indicators offer a balanced reading of the market. Open interest continues to rise, reflecting growing speculative interest in the futures market. CVD flows remain overall balanced, with no net pressure signal between buyers and sellers. Liquidation activity remains moderate and directionally unbiased, while the slightly positive funding rate suggests a minor advantage for long positions.

衍生品指标提供了对市场的平衡阅读。开放兴趣不断上升，反映了期货市场日益增长的投机兴趣。 CVD流仍然整体平衡，买卖双方之间没有净压力信号。清算活动仍然是中等和方向无偏的，而略有正面的资金率表明长位置的优势较小。

Bitcoin trades between two major technical liquidation zones.

比特币在两个主要的技术清算区之间进行交易。

On the upside, the $111,100 to $112,600 zone corresponds to a cluster of seller liquidations; surpassing it could act as a catalyst for bullish acceleration. On the downside, the zone between $106,000 and $93,000 is an area of vulnerability, where increased selling pressure could trigger forced liquidation moves.

从好的方面来说，$ 111,100至$ 112,600的区域对应于一群卖方清算；超越它可能是看涨加速的催化剂。不利的一面是，$ 106,000至93,000美元之间的区域是一个脆弱性的区域，销售压力增加可能会触发强迫清算的移动。

Bitcoin (BTC) Price Forecasts

比特币（BTC）价格预测

Bullish scenario: A breakout above the $113,000 level could open the door to a continuation of the uptrend with the next target at $120,000.

看涨的情况：超过$ 113,000水平的突破可能打开了上一个目标的延续，下一个目标为120,000美元。

Bearish scenario: A drop below the $100,000 support level could negate the bullish technical bias and herald a deeper correction, potentially aiming for the $76,000 level.

看跌方案：低于$ 100,000的支持水平的下降可能会抵消看涨的技术偏见，并预示着更深层的更正，可能是目标76,000美元的目标。

Commentary: The technical bias remains bullish, favoring a continuation of the upward movement. However, US macroeconomic indicators such as inflation and interest rates, as well as news related to the global geopolitical context, will be decisive in confirming this scenario.

评论：技术偏见仍然是看好的，有利于延续向上运动。但是，美国宏观经济指标（例如通货膨胀和利率）以及与全球地缘政治背景相关的新闻，将决定这种情况。

Conclusion

结论

Bitcoin is evolving in a positive dynamic, supported by a robust technical structure and a renewed speculative interest. Despite a consolidation phase below key levels, the bias remains bullish, driven by a balanced market context and an overall optimistic sentiment. Current levels remain sensitive, and the price evolution will largely depend on reactions around technical pressure zones and the global macroeconomic climate. In this context, it will be essential to closely monitor the price reactions at strategic levels to confirm or adjust current forecasts.

比特币正在以积极的动态发展，并以强大的技术结构和新的投机兴趣支持。尽管合并阶段低于关键水平，但在平衡的市场环境和整体乐观情绪的推动下，偏见仍然看涨。当前水平保持敏感，价格演变将在很大程度上取决于技术压力区域周围的反应和全球宏观经济气候。在这种情况下，必须密切监视战略水平的价格反应以确认或调整当前预测。

Finally, let us remind you that these analyses are based solely on technical criteria, and that cryptocurrency prices can change rapidly due to other more fundamental factors.

最后，让我们提醒您这些分析仅基于技术标准，并且由于其他更基本的因素，加密货币价格可能会迅速变化。

Did this study interest you? Find our latest Dogecoin analysis.

这项研究感兴趣吗？查找我们最新的狗蛋白分析。

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Spécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et

技术分析的专家，Elyfe用严格且不断发展的方法破译了加密货币市场的图形趋势。通过详细的分析，他带来了明智的探讨价格动态，帮助投资者和