Sunday saw a lull in the crypto market, but Monday morning saw a sudden spike that pushed Bitcoin (BTC) up to $107,114 on Binance.

週日在加密貨幣市場上停了下來，但周一早晨突然的尖峰使比特幣（BTC）的二手幣高達107,114美元。

As a result of this sudden upswing, the crypto market capitalization dropped 2.7% to $3.36 trillion. In the past 24 hours, Ethereum (ETH), Dogecoin (DOGE) and XRP are all down 4.7%, 0.9% and 1.1%, respectively.

由於這種突然上升，加密市值下降了2.7％，至3.36萬億美元。在過去的24小時中，以太坊（ETH），Dogecoin（Doge）和XRP分別下降了4.7％，0.9％和1.1％。

As Bitcoin price chopped up and down between $107k and $102k, CoinGlass data shows that $651 million worth of positions were liquidated over the past 24 hours.

隨著比特幣價格上下削減了10.7萬美元至$ 102K，Coinglass數據顯示，過去24小時內清算了價值6.51億美元的職位。

Why Is Bitcoin (BTC) Crashing Today?

為什麼比特幣（BTC）今天崩潰？

From a technical perspective, Bitcoin price swept the last week’s high of $105,663 but was met with massive spike in selling pressure from resting asks. This caused BTC to drop 4.23% from the new high of $107,114 to a local bottom of $102,579.

從技術的角度來看，比特幣價格席捲了上週的105,663美元的高點，但在休息詢問中銷售壓力方面遇到了巨大的激增。這導致BTC從新高的107,114美元下降到4.23％，降至102,579美元的本地底部。

As noted in previous articles, BTC could drop down to $100k to $99k, a critical support zone.

正如先前文章中所述，BTC可能會下降至$ 100K至$ 99K，這是一個關鍵的支持區。

Why Are ETH, XRP, DOGE Prices Down Today?

為什麼現在的ETH，XRP，今天的價格下跌？

The correlation between altcoins and Bitcoin (BTC) is high, which explains why a drop in the king crypto affects other altcoins as well. Hence, the sudden collapse in BTC price has caused Ethereum’s price to drop 8.76% in the past 13 hours. Likewise, XRP price has shed 5.31% while DOGE price is down 9.11% in the same period.

Altcoins與比特幣（BTC）之間的相關性很高，這解釋了為什麼國王加密貨幣的下降也會影響其他山寨幣。因此，BTC價格突然崩潰導致以太坊的價格在過去13個小時內下跌了8.76％。同樣，XRP價格降低了5.31％，而在同一時期，Doge價格下跌了9.11％。

Although the Bitcoin price prediction remains bullish, investors need to be cautious in trying to catch the falling knife due to BTC’s volatility dropping to a 10-month low.

儘管比特幣的價格預測仍然看漲，但由於BTC的波動率下降到10個月的低點，投資者需要謹慎地試圖捕獲掉落的刀。

What’s Next for Bitcoin (BTC) Price?

比特幣（BTC）價格的下一步是多少？

Due to the recent drop, Bitcoin price has spawned a bearish engulfing candlestick, undoing Sunday’s 3.23% gain. A sustained spike in selling pressure could see BTC drop down to $101.k, a key support level, coinciding with previous value’s range high. A breakdown of this level could see BTC trade lower, between the $100.3k and $99.8k range, formed due to the single print on the TPO chart.

由於最近的下跌，比特幣價格催生了一個看跌的燭台，消除了周日3.23％的收益。銷售壓力的持續高峰可能會使BTC下降至101.k美元，這是一個關鍵支持水平，與上一個值的範圍高。由於TPO圖表上的單個印刷品，該水平的細分可能會使BTC貿易較低，介於100.3k至99.8k美元之間。

Since the overall outlook of Bitcoin price remains bullish, investors should see BTC slowdown as it enters this area. Such a devleopment could be setting the stage for the next BTC ATH targets of $118k and $135k.

由於比特幣價格的總體前景仍然看漲，因此投資者在進入該地區時應該會看到BTC放緩。這樣的人可能會為下一個BTC ATH目標奠定了基礎，為11.8 k和13.5萬美元。