长期持有人为比特币看涨前景添加燃料

比特币目前处于关键阶段，可以定义未来几个月市场的轨迹。

Bitcoin (BTC) is currently trading above the key psychological level of $100,000, but the bullish momentum that drove prices higher in recent weeks has cooled somewhat as the market fails to decisively reclaim resistance near $105,000.

比特币（BTC）目前正在超过100,000美元的关键心理水平，但最近几周推动价格上涨的看涨势头已经有些降温，因为市场未能确定收回抵抗力接近105,000美元。

After a sharp rally that saw Bitcoin surge more than 40% from its April 9th low, price action is now consolidating and testing demand. While bulls remain in control, growing signs of uncertainty have led some analysts to warn of a potential breakdown if $100K fails to hold.

在急剧的集会使比特币涌现超过4月9日的低点超过40％之后，价格行动现在正在巩固和测试需求。尽管公牛仍处于控制之中，但越来越多的不确定性迹象导致一些分析师警告说，如果$ 10万美元无法持有，则可能会出现潜在的崩溃。

Despite these short-term concerns, long-term fundamentals remain strong. Data from CryptoQuant reveals that since April 4, Long-Term Holders (LTH) have added 339,000 BTC to their holdings. The consistent accumulation by long-term investors adds weight to the bullish thesis, showing continued conviction in Bitcoin’s long-term value, even as short-term traders express hesitation.

尽管存在这些短期关注，但长期基本面仍然很强。 CryptoQuant的数据表明，自4月4日以来，长期持有人（LTH）在其持股中增加了339,000 BTC。长期投资者的一致积累增加了看涨论文的权重，即使短期交易者表现出犹豫，比特币长期价值的坚定信念。

The coming days will be critical, as Bitcoin must either confirm $100K as solid support or risk a deeper pullback. All eyes are on whether demand will hold, and whether LTH accumulation can offset rising market fear.

接下来的日子将是至关重要的，因为比特币必须确认$ 10万美元作为可靠的支持，或者有更深的回调风险。所有人的目光都关注需求是否会持有，LTH积累是否可以抵消市场上不断上升的恐惧。

Long-Term Holders Add Fuel To Bitcoin Bullish Outlook

长期持有人为比特币看涨前景添加燃料

Bitcoin is currently in a pivotal phase that could define the trajectory of the market for the coming months.

比特币目前处于关键阶段，可以定义未来几个月市场的轨迹。

Having clocked a 40% rally from its April 9th low, BTC has spent the last few days consolidating below the $105K resistance. This consolidation has sparked a mix of expectations—some traders anticipate a breakout into a new all-time high, while others believe the market could be setting up for an extended range.

BTC从4月9日的低点开始了40％的集会，在过去的几天中，它巩固了低于105,000美元的电阻。这种整合激发了人们的期望 - 一些交易者预计会突破新的历史最高水平，而其他人则认为市场可能会扩大范围。

Despite short-term volatility, the broader trend remains clearly bullish. Bitcoin has maintained a steady uptrend for over five weeks, calmly slicing through multiple resistance levels and attracting renewed investor attention as it climbs higher.

尽管短期波动性，但更广泛的趋势显然仍然看好。比特币在五个星期内保持了稳定的上升趋势，在多个阻力水平上平静地切片，并在攀升更高时引起了新的投资者的关注。

One of the most significant signals of confidence comes from the behavior of long-term holders. According to data shared by top analyst Axel Adler, since April 4, long-term holders (LTH) have been steadily accumulating, adding a total of 339,000 BTC to their wallets.

最重要的信号之一来自长期持有人的行为。根据顶级分析师阿克塞尔·阿德勒（Axel Adler）共享的数据，自4月4日以来，长期持有人（LTH）一直在稳步累积，在其钱包中总共增加了339,000 BTC。

This brings the total LTH supply to 14,370,338 BTC—a record figure that underscores the deep conviction these investors have in Bitcoin’s future value. In contrast to short-term traders, who might be displaying signs of fatigue after the recent rally, LTHs continue to pour money into the market.

这使LTH总供应总额达到14,370,338 BTC，这是一个记录的数字，强调了这些投资者对比特币未来价值的深刻信念。与短期交易者相反，短期交易者可能会在最近的集会后表现出疲劳的迹象，LTHS继续向市场投入资金。

This wave of accumulation is a powerful bullish signal. Historically, periods of heavy LTH buying have preceded major rallies. If BTC can manage to hold current demand zones and manage to reclaim resistance, the market could be setting up for a final wave of expansion.

这浪的积累是一个强大的看涨信号。从历史上看，大量购买的时期已经进行了重大集会。如果BTC能够设法保持当前的需求区域并设法收回抵抗力，那么市场可能会为最终的扩张浪潮设置。

However, if resistance holds and momentum weakens further, the market could remain trapped in a broader consolidation phase. For now, the pressure is on bulls to confirm strength, and LTH activity provides a beacon of optimism that they aren’t planning to back down yet.

但是，如果抵抗力保持和动量进一步削弱，那么市场可能仍会陷入更广泛的巩固阶段。就目前而言，要确认力量的压力是在公牛身上的压力，而LTH活动则提供了乐观的灯塔，即他们不打算退缩。

BTC Structure Remains Bullish As Consolidation Continues

随着巩固的继续，BTC结构仍然看涨

On the 4-hour chart, Bitcoin is continuing to consolidate above the $103,600 support level after failing to break cleanly above the $105,000 zone.

在4小时的图表上，比特币在未能干净地超过105,000美元的区域后，将继续巩固高于103,600美元的支持水平。

Price action remains tightly ranged between $103,600 and $104,800, with multiple failed attempts at pushing higher, suggesting the presence of heavy sell-side liquidity in that region. Despite this, the structure remains bullish.

价格行动的紧密范围在103,600美元至104,800美元之间，有多次尝试推动更高的尝试，这表明该地区有大量的卖方流动性。尽管如此，结构仍然是看好的。

The 200-period EMA and SMA on this timeframe are both trending upward and significantly below the current price, providing a strong foundation for continued support. Volume has slightly decreased during consolidation, which is typical in a pause phase before a potential breakout or breakdown.

在此时间表上的200段EMA和SMA均呈上升趋势，并显着低于当前价格，为持续支持提供了强大的基础。合并过程中的体积略有下降，在潜在的突破或分解之前，这是典型的暂停阶段。

If BTC manages to hold above the $103,600 support, we might see bulls making another attempt at breakout, especially if volume picks up and macro conditions remain favorable. A confirmed move above $105,000 would likely trigger a surge toward the next key psychological target at $110,000.

如果BTC设法持有超过103,600美元的支持，我们可能会看到公牛队再次尝试突破，尤其是如果音量拾取并且宏观条件仍然有利。确认的举动超过$ 105,000可能会引发下一个关键心理目标的激增，为110,000美元。

On the downside, a loss of $103,600 opens the door for a deeper pullback toward $100,000—an area of strong psychological and structural demand. Additionally, any signs of LTH selling pressure would be a bearish development to watch out for.

不利的一面是，损失$ 103,600的损失为更深层次的回调打开了100,000美元，这是一个强劲的心理和结构需求的领域。此外，列出销售压力的任何迹象都是值得注意的看跌。