Crypto Market Outlook

加密貨幣市場展望

Over the past two weeks, the crypto market has fluctuated, demonstrating uncertainty without a clear directional bias. Bitcoin (BTC) and Ethereum (ETH), the dominant digital assets, exhibit this indecision with numerous short-bodied candles on their daily charts.

過去兩週，加密貨幣市場波動較大，表現出不確定性，但沒有明確的方向性偏差。比特幣（BTC）和以太幣（ETH）作為主要的數位資產，在其日線圖表上透過大量短實體蠟燭表現出這種猶豫不決的態度。

Bitcoin Network Fundamentals

比特幣網路基礎知識

A recent analysis by Ki Young Ju, CEO of CryptoQuant, highlights the Bitcoin Thermo Cap Ratio as a valuable indicator for assessing the cryptocurrency's valuation relative to its network fundamentals.

CryptoQuant 執行長 Ki Young Ju 最近的一項分析強調，比特幣熱上限比率是評估加密貨幣相對於其網路基本面的估值的重要指標。

According to Ju, Bitcoin is "not currently overvalued based on network fundamentals despite recent price increases." This suggests that there may be room for further growth as the market regains its bullish momentum.

Ju 表示，「儘管最近價格上漲，但基於網路基本面，比特幣目前並未被高估」。這表明，隨著市場恢復看漲勢頭，可能還有進一步增長的空間。

Ethereum and Cardano Price Analysis

以太坊和卡爾達諾價格分析

Ethereum, a decentralized platform supporting smart contracts and dApps, has stabilized above $3,700, with buyers actively defending this support level. A potential rebound could push ETH to $4,090.

以太坊是一個支援智慧合約和 dApp 的去中心化平台，已穩定在 3,700 美元以上，買家積極捍衛這一支撐位。潛在的反彈可能會將 ETH 推至 4,090 美元。

Cardano, known for its research-driven approach and sustainability, has been trading sideways within a symmetrical triangle pattern. Buyers are likely to breach the overhead trendline for a potential rally to $0.62.

卡爾達諾以其研究驅動的方法和可持續性而聞名，一直在對稱三角形模式內橫向交易。買家可能會突破上方趨勢線，有可能反彈至 0.62 美元。

PEPE Coin Performance

PEPE 幣表現

PEPE Coin, a meme-themed cryptocurrency, has witnessed a significant recovery trend. A potential rebound from current support could challenge $0.00001725, with further targets at $0.00002 and $0.000024.

PEPE Coin，一種以 meme 為主題的加密貨幣，見證了顯著的復甦趨勢。從目前支撐位的潛在反彈可能會挑戰 0.00001725 美元，進一步目標為 0.00002 美元和 0.000024 美元。

Conclusion

結論

The ongoing market consolidation, indicated by Bitcoin's Thermo Cap Ratio and Ethereum's sideways action, has temporarily slowed the recovery momentum. However, indicators suggest that the broader trend remains bullish, with the potential for a resumption of the rally, providing entry opportunities for investors.

比特幣的熱帽比率和以太坊的橫盤走勢表明，持續的市場整合暫時減緩了復甦勢頭。然而，指標顯示整體趨勢仍然看漲，有可能恢復漲勢，為投資者提供了入場機會。