Major cryptocurrencies are trading lower in early Thursday hours despite ongoing institutional demand and cooling inflation data.

尽管机构需求和冷却通货膨胀数据持续，但主要的加密货币在周四初的交易较低。

The Crypto Fear & Greed Index has entered the ‘Greed’ zone, shifting the sentiment sharply and raising questions whether this pullback signals a phase of profit-taking and consolidation following the robust rally over the last few weeks.

加密恐惧和贪婪指数进入了“贪婪”区域，急剧转移了情感，并提出了疑问，这种回调是否在过去几周内强大的集会之后表明了盈利和合并的阶段。

Bitcoin is finding key support around $101,600, according to crypto chart analyst Ali Martinez. This level is crucial as it coincides with a significant Fibonacci retracement and the lower band of a Bollinger Bands indicator, offering strong technical resistance.

根据加密图表分析师阿里·马丁内斯（Ali Martinez）的数据，比特币正在寻找约101,600美元的主要支持。该水平至关重要，因为它与明显的斐波那契反回试和布林带指示器的下部带相吻合，具有强大的技术耐药性。

Meanwhile, trader Adam observed that Bitcoin appears exhausted after its attempt to break through $105,000. Open interest has returned to levels seen during the previous all-time highs, indicating a buildup of leveraged positions that typically exert pressure on the price to move lower.

同时，交易员亚当（Adam）观察到，比特币试图突破105,000美元后，比特币似乎筋疲力尽。开放兴趣已恢复到以前的历史高点期间看到的水平，表明杠杆位置的积累通常会对价格施加压力，以使下降。

He further noted that spot markets are encountering increased selling pressure, which is evident in the rapid liquidation of large leveraged long positions, especially compared to the buying activity.

他进一步指出，现货市场正在遇到增加的销售压力，这在迅速清算大型杠杆式长位方面很明显，尤其是与购买活动相比。

While the move from $80,000 suggests a solid base, this may not be an optimal time to open new long positions due to the strong technical resistance at $101,600 and the increasing selling interest.

虽然从80,000美元的转变表明了一个坚实的基础，但由于技术抵抗力强劲，售价为101,600美元，而且销售利息的增加，这可能不是打开新长位的最佳时间。

On the other hand, Ethereum has closed above its 200-period simple moving average on the 3-day chart, currently around $2,700, highlighted Martinez.

另一方面，以太坊在3天图表上（目前约为2,700美元）的200个周期简单移动平均线以高于其200周期的简单移动平均线而关闭。

Historically, such a close has marked the beginning of major bull rallies for ETH, while failure to close above this SMA has usually signaled the continuation of the bear market.

从历史上看，这样的近距离标志着ETH的主要公牛集会的开始，而未能关闭此SMA通常表示熊市的延续。

For Solana, the coin is currently retesting the $180 breakout level, observed analyst Crypto Zeinab. A successful bullish retest could open the path toward $200.

对于Solana而言，该硬币目前正在重新测试180美元的分析水平，分析师Crypto Zeinab观察到。成功的看涨重新测试可以打开$ 200的道路。

This analysis is further supported by Glassnode data, which shows positive 30-day capital inflows of around 4–5% for SOL after several months of outflows, indicating renewed interest from investors in the coin, now on par with XRP.

玻璃节数据进一步支持了该分析，该数据显示了几个月的流出后SOL的30天资本流入量约为4-5％，这表明投资者在硬币中的投资者的兴趣增加，现在与XRP相当。

Dogecoin is forming a textbook inverse head and shoulders (IHS) pattern, noted Blintz Capital. The breakout occurred on Monday with strong volume, and the current pullback is seen as a healthy consolidation, setting up for another leg up.

Blintz Capital指出，Dogecoin正在形成一本教科书逆向头和肩膀（IHS）模式。突破发生在周一的大量体积，目前的回调被视为健康的巩固，为另一个腿部设置。