Bitcoin’s (BTC) market value has faced challenges in stabilising above the $52,000 mark, yet this stabilisation period might prove advantageous for other cryptocurrencies.

比特幣 (BTC) 的市值在穩定在 52,000 美元大關之上面臨挑戰，但這一穩定期可能對其他加密貨幣有利。

The S&P 500 Index saw its five-week streak of gains end, dropping 0.42% the previous week, triggered by the U.S. Consumer Price Index and Producer Price Index for January exceeding forecasts. The unexpected rise in inflation metrics fueled worries that the Federal Reserve might postpone interest rate reductions until later in the year, contrary to earlier predictions of a cut by March.

受美國 1 月消費者物價指數和生產者物價指數超出預期的影響，標普 500 指數結束了連續五週的上漲，上週下跌 0.42%。通膨指標的意外上升引發了人們的擔憂，即聯準會可能會將降息推遲到今年晚些時候，這與早前預測的三月降息相反。

Despite these negative economic indicators, Bitcoin experienced an 8% surge, closing the week at $52,137, marking its highest weekly closure since November 2021. The recent persistence of $52,000 as a point of resistance has not prompted quick profit-taking among Bitcoin investors, indicating continued long-term optimism within the market.

儘管有這些負面的經濟指標，比特幣還是上漲了8%，本週收於52,137 美元，創下2021 年11 月以來的最高單週收盤價。近期持續將52,000 美元作為阻力位並沒有促使比特幣投資者迅速獲利了結，顯示市場持續的長期樂觀情緒。

Another positive in favour of Bitcoin is that outflows from the Grayscale Bitcoin Trust (GBTC) have been slowing down. After bleeding $5.64 billion in January, the outflows from GBTC have slowed to $1.37 billion in February.

有利於比特幣的另一個正面因素是灰階比特幣信託基金（GBTC）的資金外流一直在放緩。繼 1 月流出 56.4 億美元之後，GBTC 的資金流出在 2 月已放緩至 13.7 億美元。

Could Bitcoin start the next leg of the uptrend, pulling select altcoins higher? Let’s analyze the charts to find out.

比特幣能否開啟下一階段的上升趨勢，拉動某些山寨幣走高？讓我們分析一下圖表來找出答案。

S&P 500 Index (SPX) Market Analysis

標準普爾 500 指數 (SPX) 市場分析

The S&P 500 Index rebounded off the 20-day exponential moving average (4,940) on Feb. 13, indicating an uptrend.

2 月 13 日，標準普爾 500 指數從 20 日指數移動平均線（4,940 點）反彈，顯示上升趨勢。

However, the bears are not ready to give up easily and are trying to protect the overhead resistance 5,048. The negative divergence on the relative strength index (RSI) cautions of a possible correction or consolidation in the short term.

然而，空頭並不準備輕易放棄，並試圖保護上方阻力位 5,048。相對強弱指數（RSI）的負背離警告短期內可能出現調整或盤整。

A break below the 20-day EMA will indicate the start of a deeper correction. The index could then drop to the 50-day simple moving average (4,813) and 4,650.

跌破 20 日均線將顯示更深調整的開始。該指數隨後可能會跌至 50 日簡單移動平均線（4,813）和 4,650。

Contrary to this assumption, if the index continues higher and breaks above 5,048, it will signal the resumption of the uptrend. The index could then surge toward 5,200.

與此假設相反，如果該指數繼續走高並突破5,048點，則將預示著上升趨勢的恢復。該指數隨後可能飆升至 5,200 點。

U.S. Dollar Index (DXY) Market Analysis

美元指數（DXY）市場分析

The U.S. dollar Index attempted to start an up move on Feb. 13, but the rally met with intense selling pressure near 105.

2月13日，美元指數試圖開始上漲，但在105附近遭遇強勁拋售壓力。

The price turned down and reached the 20-day EMA (104), a necessary support to watch out for. If the price rebounds off the 20-day EMA, the bulls will make one more attempt to propel the index to 106 and then to 107.

價格轉向下跌並觸及20日均線（104），這是值得留意的必要支撐。如果價格從 20 日均線反彈，多頭將再次嘗試將指數推升至 106，然後升至 107。

Conversely, if the index breaks below the 20-day EMA, it will indicate that higher levels continue to attract selling by the bears. The index may then slump to the 50-day SMA (103), likely attracting buyers.

相反，如果該指數跌破20日均線，則表示更高水準繼續吸引空頭拋售。隨後該指數可能會跌至 50 日移動平均線（103），這可能會吸引買家。

Bitcoin (BTC) Market Analysis

比特幣（BTC）市場分析

Bitcoin is consolidating in an uptrend. The bears are trying to stall the rally at $52,000, but the bulls have kept up the pressure.

比特幣正在上漲趨勢中鞏固。空頭試圖阻止漲勢至 52,000 美元，但多頭一直施加壓力。

A tight consolidation near a crucial resistance generally resolves to the upside. If the bulls shove and maintain the price above $52,000, it will indicate the start of the next leg of the uptrend. The BTC/USDT pair could then surge toward $60,000.

關鍵阻力位附近的緊密盤整通常會導致上行。如果多頭將價格推高並維持在 52,000 美元以上，則表示下一階段上升趨勢的開始。 BTC/USDT 貨幣對可能會飆升至 60,000 美元。

If bears want to prevent the move, they must quickly drag the price below the 20-day EMA ($48,260). If they do that, the stops of several short-term traders may get hit. The pair could then plunge to the 50-day SMA ($44,647).

如果空頭想要阻止這一走勢，他們必須迅速將價格拖至 20 日均線（48,260 美元）下方。如果他們這樣做，一些短期交易者的停損可能會受到影響。隨後該貨幣對可能會跌至 50 日移動平均線（44,647 美元）。

Ether (ETH) Price Analysis

以太幣（ETH）價格分析

Ether rebounded off $2,717 on Feb. 17, indicating that the bulls are trying to flip the level into support.

以太幣於 2 月 17 日從 2,717 美元反彈，表明多頭正試圖將該水平轉變為支撐位。

The ETH/USDT pair rose above the immediate resistance of $2,868 on Feb. 18, indicating the resumption of the uptrend. Buyers will try to maintain the momentum and kick the price to $ the psychologically critical level of $3,000.

2 月 18 日，ETH/USDT 貨幣對升至 2,868 美元的直接阻力位之上，顯示上升趨勢已恢復。買家將努力保持勢頭，將價格推至 3,000 美元的心理臨界水平。

The rally of the past few days has sent the RSI above 78, indicating the possibility of a minor correction or consolidation in the near term. Sellers must tug the price below the 20-day EMA ($2,615) to signal a short-term top.

過去幾天的反彈已使 RSI 突破 78，表明近期可能出現小幅調整或盤整。賣家必須將價格拉低至 20 日均線（2,615 美元）下方，以發出短期頂部訊號。

BNB Price Analysis

BNB價格分析

BNB has pulled back in an uptrend, suggesting profit booking by short-term traders. Generally, pullbacks do not last for more than three days in a strong uptrend.

BNB 在上漲趨勢中回落，顯示短期交易者獲利了結。一般來說，在強勁的上升趨勢中回檔不會持續超過三天。

The rising 20-day EMA ($330) and the RSI near the overbought territory indicate that the bulls are in control. If the price turns up and breaks above $367, it will suggest that the uptrend has resumed. The BNB/USDT pair could then attempt a rally to $400.

不斷上漲的 20 日均線（330 美元）和 RSI 接近超買區域表明多頭處於控制之中。如果價格回升並突破 367 美元，則表示上升趨勢已恢復。隨後，BNB/USDT 貨幣對可能會嘗試反彈至 400 美元。

Instead, if the price continues lower and slips below $348, the pair may reach the 20-day EMA. This level may again attract buyers, but if the bears prevail, the pair may plummet to the 50-day SMA ($314).

相反，如果價格繼續走低並跌破 348 美元，該貨幣對可能會觸及 20 日均線。這一水平可能會再次吸引買家，但如果空頭佔上風，該貨幣對可能會暴跌至 50 日移動平均線（314 美元）。

XRP Price Analysis

XRP 價格分析

XRP has been stuck between the downtrend line and the 20-day EMA ($0.54) for the past few days, indicating indecision between the bulls and the bears.

過去幾天，XRP 一直徘徊在下降趨勢線和 20 日均線（0.54 美元）之間，顯示多頭和空頭之間猶豫不決。

The 20-day EMA has started to turn gradually, and the RSI has risen into the positive zone, indicating that the bulls have the upper hand. If the price breaks and closes above the downtrend line, it will suggest that the correction may be over. The XRP/USDT pair will then attempt a rally to $0.67.

20日均線已開始逐漸轉向，RSI已升至正區，顯示多頭佔上風。如果價格突破並收於下降趨勢線上方，則表示調整可能已經結束。隨後，XRP/USDT 貨幣對將嘗試反彈至 0.67 美元。

On the contrary, if the price turns sharply from the downtrend line and plunges below the 20-day EMA, it will indicate that bears remain in command. The pair may then descend to $0.50.

相反，如果價格從下降趨勢線急劇轉向並跌破20日均線，則表示空頭仍占主導地位。隨後該貨幣對可能會跌至 0.50 美元。

Solana (SOL) Price Analysis

Solana pulled back to the neckline of the inverse head-and-shoulders pattern on Feb. 17, and the bulls held their ground.

Solana (SOL) 價格分析 Solana 於 2 月 17 日回落至反向頭肩形態的頸線，多頭堅守陣地。

The upsloping 20-day EMA ($106) and the RSI above 62 indicate that the bulls have the upper hand. There is a minor resistance at $119, but that is likely to be crossed. The SOL/USDT pair could retest the stiff overhead resistance of $127. If this level is scaled, the pair may reach the pattern target of $135.

上升的 20 日均線（106 美元）和 RSI 高於 62 表示多頭佔上風。 119 美元有一個小阻力，但很可能會被突破。 SOL/USDT 貨幣對可能會重新測試 127 美元的上方阻力位。如果突破該水平，該貨幣對可能會達到 135 美元的形態目標。

This optimistic view will be negated soon if the price turns down and dives below the 20-day EMA. That may result in long liquidations, pulling the pair to the 50-day SMA ($100).

如果價格下跌並跌破 20 日均線，這種樂觀看法很快就會被否定。這可能會導致多頭清算，將貨幣對拉至 50 日移動平均線（100 美元）。

Cardano (AVAX) Price Analysis

Cardano’s long tail on the Feb. 17 candlestick shows that the bulls continue to view dips to the 20-day EMA ($0.56) as a buying opportunity.

Cardano (AVAX) 價格分析 Cardano 在 2 月 17 日燭台上的長尾表明，多頭繼續將跌至 20 日均線（0.56 美元）視為買入機會。

The bulls are trying to maintain the price above the immediate resistance of $0.62. If they manage to do that, the ADA/USDT pair could rally to the vital resistance at $0.68. This level may witness a tough battle between the bulls and the bears, but if the buyers prevail, the next stop is expected to be $0.90.

多頭試圖將價格維持在 0.62 美元的直接阻力位上方。如果他們成功做到這一點，ADA/USDT 貨幣對可能會反彈至 0.68 美元的重要阻力位。該水平可能見證多頭和空頭之間的一場硬仗，但如果買家獲勝，下一站預計為 0.90 美元。

On the contrary, if the price turns sharply from $0.68, it will indicate that the bears vigorously defend the level. A break below the 20-day EMA will suggest that the bullish momentum has weakened.

相反，如果價格從 0.68 美元急劇轉向，則表明空頭正在大力捍衛該水平。跌破 20 日均線將表示看漲勢頭已經減弱。

Avalanche (AVAX) Price Analysis

雪崩 (AVAX) 價格分析

Avalanche turned down from the $42 level on Feb. 15, but a positive sign is that the bulls did not allow the price to dip below the 20-day EMA ($38.40).

Avalanche 從 2 月 15 日的 42 美元水平回落，但一個積極的跡像是多頭不允許價格跌破 20 日均線（38.40 美元）。

The bulls will again try to clear the obstacle at $42, and if they succeed, the AVAX/USDT pair will complete an inverse H&S pattern. The pair may then skyrocket to $50, a difficult barrier to cross.

多頭將再次嘗試清除 42 美元的障礙，如果成功，AVAX/USDT 貨幣對將完成反向 H&S 模式。隨後該貨幣對可能會飆升至 50 美元，這是一個難以跨越的障礙。

On the downside, the 20-day EMA is the crucial support to watch out for. If this level cracks, the pair may slip to the 50-day SMA ($36.16). Such a move will suggest that the pair may oscillate between $32 and $42 for some time.

下檔方面，20 日均線是值得關注的關鍵支撐。如果該水平破裂，該貨幣對可能會滑向 50 日移動平均線（36.16 美元）。這一舉動表明該貨幣對可能會在 32 美元至 42 美元之間波動一段時間。

Dogecoin (DOGE) Price Analysis

The bears tried to pull Dogecoin back into the symmetrical triangle pattern on Feb. 17, but the bulls protected the level aggressively.

狗狗幣 (DOGE) 價格分析 2 月 17 日，空頭試圖將狗狗幣拉回對稱三角形形態，但多頭積極保護該水平。

The 20-day EMA ($0.08) has started to turn up gradually, and the RSI is above 63, indicating that the bulls are attempting a comeback. If the bulls clear the hurdle at $0.09, the DOGE/USDT pair could climb to the $0.10 to $0.11 resistance zone.

20日均線（0.08美元）已開始逐漸上升，RSI高於63，顯示多頭正在嘗試捲土重來。如果多頭突破 0.09 美元的障礙，DOGE/USDT 貨幣對可能會攀升至 0.10 美元至 0.11 美元的阻力區。

This optimistic view will be invalidated soon if the price turns down and collapses below the moving averages. Such a move indicates that bears sell on every minor relief rally. The selling could intensify on a break below the uptrend line.

如果價格下跌並跌破移動平均線，這種樂觀的看法很快就會失效。這樣的舉動表明，空頭在每次小幅緩解反彈時都會賣出。如果跌破上升趨勢線，拋售可能會加劇。

Source – Rakesh Upadhyay

來源——Rakesh Upadhyay