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#比特币市场趋势分析# Looking back, the ups and downs of the Bitcoin market always leave people with mixed feelings. Recently, I noticed its price starting to stir again, which inevitably reminds me of those days of twists and turns in the past.
This round of upward momentum is indeed remarkable, rising nearly 7% within a week, reminiscent of the energy seen before the historical highs were set back in the day. However, upon closer examination of the current market conditions, they are quite different from those of the past.
The short-term holder spent output profit ratio ( SOPR ) is currently around 1.00, well below the high point in July of 1.03 to 1.05. This indicates that the pressure for profit-taking is not significant, and the market structure is relatively healthy. Looking at the Taker buy/sell ratio, it has jumped from a neutral 1.02 to 1.14, setting a recent new high, showing that buyers are actively entering the market.
The Relative Strength Index ( RSI ) is also quite enlightening. The current RSI is close to 66, still away from the overbought zone, providing more room for price increases. This contrasts sharply with the situation in July when the RSI exceeded 75.
Looking at these indicators, I can't help but remember the crazy bull market of 2017. At that time, market sentiment was exceptionally exuberant, and the indicators frequently hit record highs, ultimately ending with a sharp pullback. Today, despite prices being close to historical highs, various indicators show a rare balance.
This makes me ponder that perhaps this time, the market is operating in a more mature and sustainable way. Of course, investing always requires caution. History tells us that the market is always full of uncertainties. But if this round of increase can break through the key resistance level of $123,230 and maintain the current healthy trend, we might really have the chance to witness a new milestone.
Regardless, as a veteran who has experienced many ups and downs, I am well aware that the market will never stop surprising and teaching us. Let's stay vigilant, continue to learn, and seek our own opportunities in this ever-changing world.