Following Christmas and a strong corrective rally on Christmas Eve, the crypto market lost over $18 billion within a 48-hour period.
圣诞节后圣诞节和圣诞节前夕强烈的纠正反弹，加密市场在48小时内损失了超过180亿美元。
The Bitcoin price dipped below the $3,800 mark after a promising price surge to $4,300 and the Bitcoin Cash price suffered a large decline from $230 to $170 within a one-week span, losing 26 percent of its value against the U.S. dollar.
在一个有希望的价格飙升至4,300美元之后，比特币价格跌至3,800美元以下，比特币现金价格在一周内从230美元大幅下跌至170美元，其价值相对于美元下跌了26％。
Factors Behind Wild Volatility in Crypto
加密货币波动的因素
Throughout the past week, investors in the cryptocurrency market have been generally positive on the short-term trend of Bitcoin and other major crypto assets, given the dominant cryptocurrency’s strong recovery to the mid-$4,000 region.
在过去的一周里，加密货币市场的投资者普遍对比特币和其他主要加密资产的短期趋势持积极态度，因为主要的加密货币强势复苏到4,000美元中间区域。
But, many analysts also cautiously suggested that the cryptocurrency market is still in a bear market and while it may be in the last phase of a year-long downtrend, a high level of volatility in a low price range is expected.
但是，许多分析师也谨慎地暗示加密货币市场仍处于熊市中，虽然它可能处于长达一年下行趋势的最后阶段，但预计低价格区间会出现高波动性。
On December 21, prior to a rally that allowed the crypto market to add over $40 billion to its valuation, a cryptocurrency trader with the online alias “The Crypto Dog” said that a rally above key resistance levels in the $5,000 to $5,500 range is unlikely in the short-term despite some momentum major crypto assets showed.
12月21日，在允许加密市场增加400亿美元估值的反弹之前，一位拥有在线别名“The Crypto Dog”的加密货币交易商表示，在5,000美元至5,500美元范围内的关键阻力位上方反弹的可能性不大尽管主要加密资产显示出一些势头，但在短期内。
The trader wrote:
该交易员写道：
Bitcoin found support near historical highs at $3,000. Earlier this week, I watched Bitcoin’s volatility and sell volume stall the further its price fell, leading me to wonder if the fabled ‘$3,000 support’ would be front ran. It was. If bulls are able to push past $4500, $4800 is the last bump in resistance that stands in the way before $5,400. At this time I am not anticipating a rally beyond $5,500, nor can I guarantee more relief even past $4,500, though we must not count any scenario out.
比特币在历史高点附近获得3,000美元的支撑位。本周早些时候，我看到比特币的波动性和卖出量随着价格进一步下跌而停滞不前，让我想知道这个传说中的“$ 3,000支持”是否会成为前线。它是。如果多头能够突破4500美元，那么4800美元是阻力位在5,400美元之前的最后阻力位。在这个时候，我并没有预料到超过5,500美元的涨势，我也不能保证更多的救济，即使超过4,500美元，尽管我们不能指出任何情况。
1/ #Bitcoin found support near historical highs at $3,000. Earlier this week, I watched Bitcoin's volatility and sell volume stall the further its price fell, leading me to wonder if the fabled "$3,000 support" would be front ran.
1 / #Bitcoin在3,000美元的历史高点附近获得支撑。本周早些时候，我观察了比特币的波动性和卖出量，价格进一步下跌，让我想知道这个传说中的“$ 3,000支持”是否会成为前线。
For the crypto market to initiate a proper bull rally and a mid-term uptrend, it will have to undergo a several-month-long consolidation and accumulation period during which the value of cryptocurrencies rise gradually against the U.S. dollar.
对于加密市场发起适当的牛市反弹和中期上升趋势，它将不得不进行为期数月的整合和积累期，在此期间加密货币的价值逐渐上升对美元。
From August to November, for just over three months, the cryptocurrency market demonstrated a record low volatility rate but it still was not enough to stabilize the market and establish a solid bottom.
从8月到11月，仅仅三个多月，加密货币市场就出现了创纪录的低波动率，但仍然不足以稳定市场并建立稳固的底部。
$3,120, the lowest point the Bitcoin price achieved in 2018, could be the bottom for the asset. Immediately after the asset fell to $3,120, a large buy wall was created in that price range, allowing the market to recover.
比特币价格在2018年达到的最低点3,120美元可能是该资产的底部。在资产跌至3,120美元之后，在该价格范围内立即创造了大量买入壁，使市场恢复。
The bottom was most likely reached at $3,120, but unless the market stabilizes and demonstrates gradual momentum, it is not possible to conclusively state that a proper bottom has been achieved.
底部最有可能达到3,120美元，但除非市场稳定并显示出逐渐增长的动力，否则不可能最终确定已经实现了适当的底部。
When Will Volatility Stop
什么时候波动性会停止
Until the cryptocurrency market shows a high level of stability in an extended time frame, the market will continue to demonstrate extreme volatility in a low price range.
在加密货币市场在较长时间内表现出高度稳定性之前，市场将继续在低价格范围内表现出极端波动。
The volatility of crypto assets shown in the past week was unexpected because of the intensity of the movements on both the upside and downside.
过去一周所显示的加密资产的波动性是出乎意料的，因为上行和下行的走势都很强烈。
感谢阅读阿尤英语，谢绝转载，学英语上百度搜索阿尤英语！一定要关注我哟！
