Bitcoin Price Tests Crucial Level, ETF Inflows Surge

比特币价格测试关键水平，ETF资金流入激增

Bitcoin is currently evaluating the 200-day simple moving average (SMA), a critical threshold for confirming its bullish trend. Historically, failing to regain this level has triggered corrections, as evidenced in 2020, 2018, and 2014.

比特币目前正在评估 200 天简单移动平均线（SMA），这是确认其看涨趋势的关键门槛。从历史上看，未能恢复这一水平就会引发调整，2020 年、2018 年和 2014 年就证明了这一点。

ETF Influx Signals Investor Optimism

ETF 涌入表明投资者乐观

Bitcoin ETFs have witnessed significant inflows, with $158 million entering Bitcoin and $5.2 million flowing into Ethereum on September 19, 2024. These inflows reflect increased investor interest, following a 0.5% interest rate reduction by the Federal Reserve.

比特币 ETF 出现了大量资金流入，2024 年 9 月 19 日，有 1.58 亿美元流入比特币，520 万美元流入以太坊。这些资金流入反映了美联储降息 0.5% 后投资者兴趣的增加。

Bitcoin Tests 200-Day SMA

比特币测试 200 天 SMA

Crypto analyst Ali highlights Bitcoin's retest of the 200-day SMA, a key indicator for establishing a sustained uptrend. Ali cautions that previous failures to maintain this level have often led to corrections, making this a crucial area to observe. A rejection here could indicate potential challenges for Bitcoin.

加密货币分析师阿里强调了比特币对 200 日移动平均线的重新测试，这是建立持续上升趋势的关键指标。阿里警告说，之前未能维持这一水平往往会导致修正，因此这是一个值得观察的关键领域。这里的拒绝可能表明比特币面临潜在的挑战。

SMA Impact on Bitcoin's Price

SMA 对比特币价格的影响

The 200-day SMA serves as a long-term indicator; breaking above it could fuel further positive momentum. However, if Bitcoin falls below this level, it may face further losses.

200日移动平均线作为长期指标；突破该水平可能会推动进一步的积极势头。然而，如果比特币跌破这一水平，它可能会面临进一步的损失。

ETF Inflows for Bitcoin and Ethereum

比特币和以太坊 ETF 流入

Spot On Chain reports inflows of $158 million into Bitcoin ETFs and $5.2 million into Ethereum ETFs. These inflows have contributed to positive net flows for both assets, supported by the Federal Reserve's interest rate cut.

Spot On Chain 报告称，比特币 ETF 流入 1.58 亿美元，以太坊 ETF 流入 520 万美元。在美联储降息的支持下，这些资金流入为这两种资产带来了正净流量。

Institutional Interest Grows

机构兴趣增长

The inflows demonstrate increased institutional interest in Bitcoin and Ethereum, bolstering their position in the market. The absence of outflows suggests investor confidence, particularly in light of recent economic policy changes.

资金流入表明机构对比特币和以太坊的兴趣增加，巩固了它们在市场中的地位。没有资金外流表明投资者信心十足，特别是考虑到最近的经济政策变化。

Bitcoin's Price Action

比特币的价格走势

At the time of writing, Bitcoin's price had reached $63,646.37, supported by a daily trading volume exceeding $43 billion. The price has appreciated by approximately 10% over the past seven days, indicating a robust market recovery. Ethereum has also experienced inflows, solidifying its position as a leading altcoin.

截至撰写本文时，比特币价格已达到 63,646.37 美元，日交易量超过 430 亿美元。过去7天内价格上涨了约10%，表明市场强劲复苏。以太坊也经历了资金流入，巩固了其作为领先山寨币的地位。

Analyst's Outlook

分析师展望

Analyst Ali cautions that Bitcoin's price remains at a critical juncture. A failure to hold above the 200-day SMA may trigger a correction, making the coming days pivotal for Bitcoin's price trajectory.

分析师阿里警告说，比特币的价格仍处于关键时刻。如果未能守住 200 日移动平均线，可能会引发调整，从而使未来几天对比特币的价格轨迹至关重要。