Crypto Market Outlook

加密货币市场展望

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.

过去两周，加密货币市场波动较大，表现出不确定性，但没有明确的方向性偏差。比特币（BTC）和以太坊（ETH）作为主要的数字资产，在其日线图表上通过大量短实体蜡烛表现出这种犹豫不决的态度。

Bitcoin Network Fundamentals

比特币网络基础知识

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 首席执行官 Ki Young Ju 最近的一项分析强调，比特币热上限比率是评估加密货币相对于其网络基本面的估值的重要指标。

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，“尽管最近价格上涨，但基于网络基本面，比特币目前并未被高估”。这表明，随着市场恢复看涨势头，可能还有进一步增长的空间。

Ethereum and Cardano Price Analysis

以太坊和卡尔达诺价格分析

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.

以太坊是一个支持智能合约和 dApp 的去中心化平台，已稳定在 3,700 美元以上，买家积极捍卫这一支撑位。潜在的反弹可能会将 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.

卡尔达诺以其研究驱动的方法和可持续性而闻名，一直在对称三角形模式内横向交易。买家可能会突破上方趋势线，有可能反弹至 0.62 美元。

PEPE Coin Performance

PEPE 币表现

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，一种以 meme 为主题的加密货币，见证了显着的复苏趋势。从当前支撑位的潜在反弹可能会挑战 0.00001725 美元，进一步目标为 0.00002 美元和 0.000024 美元。

Conclusion

结论

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.

比特币的热帽比率和以太坊的横盘走势表明，持续的市场整合暂时减缓了复苏势头。然而，指标显示整体趋势仍然看涨，有可能恢复涨势，为投资者提供了入场机会。