Odaily星球日报讯 10x Research 于 X 平台发文称，比特币当前市场状况可类比攀登珠峰的“死亡区”，即风险加大的关键阶段。尽管比特币未必已达峰值，但部分指标显示市场动能正在减弱，需保持高度警惕。过去两周，比特币价格在窄幅区间内波动，上周触及区间上下限后回到中间，形成了表明市场犹豫的 Doji 形态。历史上，这种形态可能预示短期调整后趋势延续，但结合链上数据和市场结构分析，未来仍存在不确定性。此外，韩国加密交易量已从 250 亿美元大幅下降至 67 亿美元，市场活跃度明显减弱。

Odaily星球日报讯  10x Research 于 X 平台发文称，比特币当前市场状况可类比攀登珠峰的“死亡区”，即风险加大的关键阶段。尽管比特币未必已达峰值，但部分指标显示市场动能正在减弱，需保持高度警惕。过去两周，比特币价格在窄幅区间内波动，上周触及区间上下限后回到中间，形成了表明市场犹豫的 Doji 形态。历史上，这种形态可能预示短期调整后趋势延续，但结合链上数据和市场结构分析，未来仍存在不确定性。此外，韩国加密交易量已从 250 亿美元大幅下降至 67 亿美元，市场活跃度明显减弱。

10x Research：比特币市场动能减弱，韩国交易量从250亿美元降至67亿美元

Odaily Planet Daily Report: According to a post on the X platform by 10x Research, the current market condition of Bitcoin can be compared to the "death zone" of climbing Mount Everest, which is a critical stage with increased risks. Although Bitcoin may not have reached its peak yet, some indicators show that market momentum is weakening, and high vigilance is needed. Over the past two weeks, the price of Bitcoin has fluctuated within a narrow range, and after touching the upper and lower limits of the range last week, it returned to the middle, forming a Doji pattern that indicates market hesitation. Historically, this pattern may signal a short-term adjustment followed by a continuation of the trend, but given the on-chain data and market structure analysis, there is still uncertainty about the future. Additionally, the trading volume of cryptocurrencies in South Korea has dropped significantly from $25 billion to $6.7 billion, indicating a clear weakening of market activity.

10x Research: Bitcoin market momentum weakens, South Korean trading volume drops from $25 billion to $6.7 billion

Odaily Planet Daily Report: CryptoQuant's research shows that Bitcoin will continue to experience range fluctuations. Analyst Percival points out that Bitcoin's 14-day volatility index (CI) is in the early stage, indicating a corrective trend during the consolidation period. Note: The higher the CI value, the greater the volatility of the market conditions, and the lower the market trend is upward or downward. This means that in the short term, Bitcoin bulls may see slow progress in price discovery. As of the time of writing on December 7, the daily CI measurement was 56.7, the highest level since mid-August. Percival said that by looking at the actual price of short-term Bitcoin holders, the strong resistance level that the market may encounter can be predicted. The first resistance level is $110,000 (+1.5sd), which is a relatively large profit area for STH. "When traders associate with psychological numbers, $120,000 has a very strong psychological and emotional impact, and as a value within +2sd, this bottom line becomes a deeper consolidation area." (Cointelegraph)

Analysis: Bitcoin may experience range fluctuations, $110,000 constitutes the first strong resistance level

Here is the English translation:

A cryptocurrency venture capitalist has warned that market participants may be caught off guard by some "killer wicks" on the charts once "the momentum starts to show signs". The alternative currency market has seen a significant surge since Donald Trump won the US presidential election, but a venture capitalist has warned that volatility may occur in the near future as institutional investors increase their profit-taking activities.

However, not all traders agree with this view.

"Hartman Capital Management co..."

Venture capitalist: New season of Bitcoin decline will be ugly

Odaily Planet Daily Report: Mikko Ohtamaa, co-founder of algorithmic trading company Trading Strategy, said: "We have two to three years to prove that <cryptocurrencies> can make the world a better place. This is the last chance, and this time, we are sailing with the wind. The past 10 years have been pure speculation. Now is the time to shift from speculation to real-world utility." Hong Kong market analyst Justin d'Anethan said: "The factors driving our development now include the accessibility of <ETFs>, corporate purchases, and the growing allocation from global institutions. The abandonment of the US dollar by the BRICS economies has also added an extra layer of appeal, with <BTC> positioned as a potential hedge in a world that is reassessing the role of traditional reserve currencies." d'Anethan believes that $100,000 is not the ultimate goal, "In the past year, the rise of <BTC> has been driven mainly by experienced participants: we have seen corporate treasuries (primarily MicroStrategy), the emergence of <ETFs>, and even pension funds starting to allocate funds to <BTC>, all of which have not caused much of a stir. Retail investors have not yet flooded in, and when this frenzy comes, it will not stop at $100,000." In the short term, with the Federal Reserve expected to continue its rate cuts, <BTC> may be in a macroeconomic environment favorable to risk assets. "As long as we don't face a large-scale liquidation due to the bankruptcy of major companies in 2022 or an unforeseen black swan event, the path of least resistance seems to be upward," Anethan said. (Cointelegraph)