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.

周日在加密货币市场上停了下来，但周一早晨突然的尖峰使比特币（BTC）的二手币高达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.

由于这种突然上升，加密市值下降了2.7％，至3.36万亿美元。在过去的24小时中，以太坊（ETH），Dogecoin（Doge）和XRP分别下降了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.

随着比特币价格上下削减了10.7万美元至$ 102K，Coinglass数据显示，过去24小时内清算了价值6.51亿美元的职位。

Why Is Bitcoin (BTC) Crashing Today?

为什么比特币（BTC）今天崩溃？

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.

从技术的角度来看，比特币价格席卷了上周的105,663美元的高点，但在休息询问中销售压力方面遇到了巨大的激增。这导致BTC从新高的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可能会下降至$ 100K至$ 99K，这是一个关键的支持区。

Why Are ETH, XRP, DOGE Prices Down Today?

为什么现在的ETH，XRP，今天的价格下跌？

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与比特币（BTC）之间的相关性很高，这解释了为什么国王加密货币的下降也会影响其他山寨币。因此，BTC价格突然崩溃导致以太坊的价格在过去13个小时内下跌了8.76％。同样，XRP价格降低了5.31％，而在同一时期，Doge价格下跌了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.

尽管比特币的价格预测仍然看涨，但由于BTC的波动率下降到10个月的低点，投资者需要谨慎地试图捕获掉落的刀。

What’s Next for Bitcoin (BTC) Price?

比特币（BTC）价格的下一步是多少？

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.

由于最近的下跌，比特币价格催生了一个看跌的烛台，消除了周日3.23％的收益。销售压力的持续高峰可能会使BTC下降至101.k美元，这是一个关键支持水平，与上一个值的范围高。由于TPO图表上的单个印刷品，该水平的细分可能会使BTC贸易较低，介于100.3k至99.8k美元之间。

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.

由于比特币价格的总体前景仍然看涨，因此投资者在进入该地区时应该会看到BTC放缓。这样的人可能会为下一个BTC ATH目标奠定了基础，为11.8 k和13.5万美元。