<ul>
<li><em>比特幣進入 Wyckoff 階段 E，形成 “金叉”，短期目標為 125K 美元。</em></li>
<li><em>分析師預計到 8 月–9 月將達到 260K 美元，認為減少的提現活動是關鍵驅動因素。</em></li>
</ul>
<p>比特幣 [BTC] 正式進入 Wyckoff 積累模型的階段 E——通常以突破和強勁的向上延續為標誌。</p>
<p>5 月 24 日，50 日移動平均線（MA）突破 200 日 MA，形成了日線圖上備受喜愛的 “金叉”，這是一個關鍵的技術確認。</p>
<p>這一圖表形態傳統上被視為長期看漲信號，通常表明情緒的轉變。</p>
<p>自然，許多交易者現在將目光投向 125K 美元——這一標記是該標記階段內的第一個主要阻力位。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/wyckoff-BTC.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/wyckoff-BTC.jpeg"/></p>
<p>來源：X</p>
<p>真正的問題是——在那之後會發生什麼？</p>
<h2><strong>美國參議院的加密法案可能會啓動下一個市場階段</strong></h2>
<p>根據一位備受尊敬的市場分析師的推文，比特幣的下一個週期可能是分配階段或重新積累階段。</p>
<p>在他看來，最可能的是重新積累，特別是美國參議院即將對關鍵的加密立法進行投票。</p>
<p>當然，監管事件會帶來波動性。但它們也可能支持機構信心，尤其是在數字資產分類的法律明確性出現時。</p>
<h2><strong>提取比特幣的地址數量正在下降</strong></h2>
<p>鏈上指標為當前的反彈提供了動力。</p>
<p>交易所提取交易數量的下降——這一關鍵指標跟蹤比特幣轉移到私人錢包的頻率，表明賣壓可能正在減弱。</p>
<p>隨着賣壓的減弱，可能會作為隱秘的看漲驅動因素，減少上方阻力並推動價格動能。</p>
<p>這一模式與分析師預計的在 260K 美元附近的分配走勢相一致，假設市場供應保持受限。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/Bitcoin-Exchange-Withdrawing-Transactions-All-Exchanges.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/Bitcoin-Exchange-Withdrawing-Transactions-All-Exchanges.png"/></p>
<p>來源：CryptoQuant</p>
<h2><strong>需要關注的政策和價格走勢</strong></h2>
<p>比特幣穩固地處於 Wyckoff 階段 E，並受到 “金叉” 的支持，短期動能強勁。</p>
<p>然而，宏觀條件如監管和鏈上趨勢將決定接下來會發生什麼。</p>
<p>如果市場繼續，重新積累或分配將取決於投資者情緒和待決比特幣法案的立法命運。</p>

GBTC

<p>比特幣已進入 Wyckoff 階段 E，日線圖上出現了 “黃金交叉”，顯示出看漲情緒，短期目標為 125,000 美元。分析師預測，到 8 月-9 月可能上漲至 260,000 美元，這一趨勢受到提款活動減少的推動。即將出台的美國參議院加密貨幣立法可能會影響市場動態，存在重新積累或分配階段的可能性。目前比特幣提款的下降表明賣壓減輕，支持價格動能。總體而言，宏觀經濟條件和監管發展將在比特幣未來走勢中發揮關鍵作用</p>

<ul>
<li><em>Bitcoin enters Wyckoff Phase E with a ‘golden cross,’ setting sights on $125K short-term.</em></li>
<li><em>Analyst eyes $260K by August–September, citing shrinking withdrawal activity as a key driver.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>比特幣進入 Wyckoff 階段 E，形成 “金叉”，短期目標為 125K 美元。</em></li>
<li><em>分析師預計到 8 月–9 月將達到 260K 美元，認為減少的提現活動是關鍵驅動因素。</em></li>
</ul>
</div><p>Bitcoin [BTC] officially entered Phase E of the Wyckoff Accumulation model—typically marked by a breakout and strong upward continuation.</p>
<div class="lb-trans"><p>比特幣 [BTC] 正式進入 Wyckoff 積累模型的階段 E——通常以突破和強勁的向上延續為標誌。</p>
</div><p>One key technical confirmation was witnessed on the 24th of May, when the 50-day Moving Average (MA) crossed over the 200-day MA, forming the favorite ‘golden cross’ on the daily chart.</p>
<div class="lb-trans"><p>5 月 24 日，50 日移動平均線（MA）突破 200 日 MA，形成了日線圖上備受喜愛的 “金叉”，這是一個關鍵的技術確認。</p>
</div><p>The chart pattern is traditionally considered a bullish long-term signal. It usually indicates a shift in sentiment.</p>
<div class="lb-trans"><p>這一圖表形態傳統上被視為長期看漲信號，通常表明情緒的轉變。</p>
</div><p>Naturally, many traders have now set their sights on the $125K mark—the first major resistance within this markup phase.</p>
<div class="lb-trans"><p>自然，許多交易者現在將目光投向 125K 美元——這一標記是該標記階段內的第一個主要阻力位。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/wyckoff-BTC.jpeg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/05/wyckoff-BTC.jpeg"/></p>
<p>Source: X</p>
<div class="lb-trans"><p>來源：X</p>
</div><p>The real question remains—what happens beyond that?</p>
<div class="lb-trans"><p>真正的問題是——在那之後會發生什麼？</p>
</div><h2><strong>U.S. Senate crypto bills could initiate the next market phase</strong></h2>
<div class="lb-trans"><h2><strong>美國參議院的加密法案可能會啓動下一個市場階段</strong></h2>
</div><p>From a highly regarded market analyst’s tweet, the next cycle for Bitcoin could either be a distribution phase or a re-accumulation phase.</p>
<div class="lb-trans"><p>根據一位備受尊敬的市場分析師的推文，比特幣的下一個週期可能是分配階段或重新積累階段。</p>
</div><p>The likeliest, in his view, is re-accumulation, particularly with the U.S. Senate set to vote on key crypto legislation soon.</p>
<div class="lb-trans"><p>在他看來，最可能的是重新積累，特別是美國參議院即將對關鍵的加密立法進行投票。</p>
</div><p>Of course, regulatory events inject volatility. But they could also support institutional confidence, especially if legal clarity emerges around digital asset classifications.</p>
<div class="lb-trans"><p>當然，監管事件會帶來波動性。但它們也可能支持機構信心，尤其是在數字資產分類的法律明確性出現時。</p>
</div><h2><strong>Addresses withdrawing Bitcoin are declining</strong></h2>
<div class="lb-trans"><h2><strong>提取比特幣的地址數量正在下降</strong></h2>
</div><p>On-chain metrics add fuel to the current rally.</p>
<div class="lb-trans"><p>鏈上指標為當前的反彈提供了動力。</p>
</div><p>The declining number of Exchange Withdrawing Transactions—a key indicator tracking how often BTC is moved to private wallets, suggested selling pressure may be dwindling.</p>
<div class="lb-trans"><p>交易所提取交易數量的下降——這一關鍵指標跟蹤比特幣轉移到私人錢包的頻率，表明賣壓可能正在減弱。</p>
</div><p>Picking up on the decline, the resulting fade in selling pressure may act as a stealthy bullish driver, reducing overhead resistance and powering price momentum.</p>
<div class="lb-trans"><p>隨着賣壓的減弱，可能會作為隱秘的看漲驅動因素，減少上方阻力並推動價格動能。</p>
</div><p>This pattern aligns with the analyst’s projection of a distribution move near $260K by August or September, assuming market supply remains constrained.</p>
<div class="lb-trans"><p>這一模式與分析師預計的在 260K 美元附近的分配走勢相一致，假設市場供應保持受限。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/05/Bitcoin-Exchange-Withdrawing-Transactions-All-Exchanges.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/05/Bitcoin-Exchange-Withdrawing-Transactions-All-Exchanges.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><h2><strong>Policies and price action to watch</strong></h2>
<div class="lb-trans"><h2><strong>需要關注的政策和價格走勢</strong></h2>
</div><p>With Bitcoin firmly in Wyckoff Phase E and backed by a ‘golden cross,’ near-term momentum is firm.</p>
<div class="lb-trans"><p>比特幣穩固地處於 Wyckoff 階段 E，並受到 “金叉” 的支持，短期動能強勁。</p>
</div><p>Macro conditions like regulation and on-chain trends will, however, dictate what happens next.</p>
<div class="lb-trans"><p>然而，宏觀條件如監管和鏈上趨勢將決定接下來會發生什麼。</p>
</div><p>If the market goes through, re-accumulation or distribution will be contingent on investor sentiment and the fate of legislation on the pending Bitcoin bills.</p>
<div class="lb-trans"><p>如果市場繼續，重新積累或分配將取決於投資者情緒和待決比特幣法案的立法命運。</p>
</div>

比特幣進入 ‘Wyckoff E 階段’——描繪 BTC 通向 12.5 萬美元及更高的路徑