While the gradual decline in Bitcoin that started in April continues into May, investors are eagerly anticipating the commencement of a substantial bull rally.

虽然比特币从 4 月份开始的逐渐下跌持续到 5 月份，但投资者热切期待大幅牛市的开始。

At this juncture, renowned analyst Ali Martinez has informed investors that the MVRV ratio for BTC indicates a potential bottom.

此时此刻，著名分析师阿里·马丁内斯（Ali Martinez）通知投资者，比特币的 MVRV 比率预示着潜在的底部。

Emphasizing that historically, whenever the MVRV ratio has dipped below 9%, it has been followed by significant gains, Martinez notes that the current MVRV ratio for BTC stands at 11.6%.

Martinez 强调，从历史上看，每当 MVRV 比率跌破 9% 时，就会出现大幅上涨，他指出，目前 BTC 的 MVRV 比率为 11.6%。

According to Martinez, if history is any guide, the MVRV ratio is signaling a bottom and a subsequent rise in Bitcoin's value.

马丁内斯表示，如果以史为鉴的话，MVRV 比率预示着比特币价值已触底，随后将上涨。

Highlighting that in the past three instances where the MVRV ratio fell below 9%, the price of Bitcoin subsequently increased by 64%, 63%, and 99%, respectively, Martinez states:

Martinez 强调，在过去 3 次 MVRV 比率跌破 9% 的情况下，比特币的价格随后分别上涨了 64%、63% 和 99%，他表示：

"The last three times over the past two years when Bitcoin's 30-day MVRV fell below 9%, the BTC price increased by 64%, 63%, and 99% respectively. The 30-day MVRV on BTC currently stands at 11.6%. This suggests it may be time to buy the dip!"

“过去两年，比特币 30 天 MVRV 曾三次跌破 9%，BTC 价格分别上涨 64%、63% 和 99%。目前 BTC 30 天 MVRV 为 11.6%。这表明可能是逢低买入的时候了！”

The last three times the #Bitcoin 30-day MVRV dropped below -9% in the last two years, the price of $BTC surged by 64%, 63%, and 99%, respectively. The #BTC 30-day MVRV is currently at -11.6%, suggesting it may be time to buy the dip! pic.twitter.com/Q85skH7Hyj

过去两年中，#Bitcoin 30 天 MVRV 曾三次跌破 -9%，而 BTC 的价格分别飙升了 64%、63% 和 99%。 #BTC 30 天 MVRV 目前为 -11.6%，表明可能是逢低买入的时候了！ pic.twitter.com/Q85skH7Hyj

— Ali (@ali_charts) May 1, 2024

— 阿里 (@ali_charts) 2024 年 5 月 1 日

"Dogecoin is experiencing a pre-rally correction!"

“狗狗币正在经历反弹前的调整！”

Martinez, who has studied the historical price movements of Dogecoin, asserts that the current price correction for DOGE is consistent with its typical behavior prior to substantial bull runs.

研究了狗狗币历史价格走势的马丁内斯断言，狗狗币当前的价格调整与其在大幅牛市之前的典型行为一致。

Specifically, by examining its price movements in 2017 and 2021, Martinez observes that DOGE broke out of a descending triangle pattern in both instances and subsequently experienced significant pullbacks before embarking on a bull run.

具体来说，通过检查 2017 年和 2021 年的价格走势，马丁内斯观察到 DOGE 在这两种情况下都突破了下降三角形模式，随后在开始牛市之前经历了大幅回调。

Noting that DOGE has recently broken out of a descending triangle pattern and has undergone a 47% pullback, Martinez suggests that DOGE may be poised for a significant rally.

注意到 DOGE 最近突破了下降三角形模式并经历了 47% 的回调，马丁内斯表示 DOGE 可能会出现大幅反弹。

"In 2017, DOGE broke out of the descending triangle. DOGE then retreated 40% before entering a 982% bull run! In 2021, DOGE broke out of the descending triangle again. Then, DOGE pulled back 56% before skyrocketing 12,197%! Now, in 2024, DOGE has broken out of the descending triangle once again! It is currently undergoing a 47% price correction, very similar to previous cycles, and this could spark the next DOGE bull run!"

“2017年，DOGE突破了下降三角形。然后，DOGE回落了40%，然后进入了982%的牛市！2021年，DOGE再次突破了下降三角形。然后，DOGE回调了56%，然后暴涨了12,197%！现在2024年，DOGE再次突破下降三角形！目前正在经历47%的价格调整，与之前的周期非常相似，这可能会引发下一轮DOGE牛市！”

Now, in 2024, #DOGE has yet again broken out of a descending triangle! It is currently undergoing a 47% price correction, very similar to previous cycles, which could ignite the next $DOGE bull run! pic.twitter.com/ZmuHmvIwei

现在，2024 年，#DOGE 再次突破下降三角形！它目前正在经历 47% 的价格调整，与之前的周期非常相似，这可能会引发下一轮 $DOGE 牛市！ pic.twitter.com/ZmuHmvIwei

— Ali (@ali_charts) May 1, 2024

— 阿里 (@ali_charts) 2024 年 5 月 1 日

*Disclaimer: This content does not constitute investment advice.

*免责声明：本内容不构成投资建议。