比特幣（BTC）轉向看漲，飆升3.66％，並收回20天EMA

經過幾天的不確定性，比特幣在過去的24小時內變成看漲，飆升了3.66％，每天的高點為87,443.27美元。

After days of uncertainty, Bitcoin has turned bullish in the past 24 hours, surging by 3.66% and hitting a daily high of $87,443.27. The leading digital asset has also reclaimed the crucial 20-day EMA ($85,703) and is currently testing this level as support, according to CoinMarketCap.

經過幾天的不確定性，比特幣在過去的24小時內變成看漲，飆升了3.66％，每天的高點為87,443.27美元。根據CoinMarketCap的數據，領先的數字資產還收回了至關重要的20天EMA（85,703美元），目前正在測試此水平作為支持。

However, Fibonacci retracement levels indicate key resistance areas, with the 1.618 level at $85,939 acting as a crucial pivot point. If BTC can hold above this level, the next targets would be the 2.618 ($88,023), 3.618 ($90,107), and 4.236 ($91,395) extensions.

然而，斐波那契回曲水平表明關鍵阻力區域，1.618級別為85,939美元，充當至關重要的樞軸點。如果BTC能夠超過此級別，那麼下一個目標將是2.618（$ 88,023），3.618（$ 90,107）和4.236（$ 91,395）的擴展名。

At the same time, the MACD indicator suggests that bullish momentum may be slowing down, as the histogram bars have started shrinking.

同時，MACD指標表明，隨著直方圖開始縮小，看漲的動量可能會放慢速度。

If Bitcoin faces rejection at these resistance zones, a pullback to the 0.618 ($83,858) or 0.786 ($84,205) Fibonacci levels could be possible before the next leg up.

如果比特幣面臨這些阻力區域的拒絕，則可以在下一條腿上升至0.618（$ 83,858）或0.786（$ 84,205）斐波那契水平。

Why BTC May Continue to Rise

為什麼BTC可能會繼續上升

Experts believe one of the key reasons Bitcoin may continue to rise is its relationship with the M2 money supply.

專家認為，比特幣可能會繼續上升的關鍵原因之一是它與M2貨幣供應的關係。

The M2 money supplies the total amount of money in circulation, including cash, checking deposits, and easily accessible savings. Historically, Bitcoin price has shown a strong correlation with the expansion of M2.

M2資金提供流通的總金額，包括現金，支票存款和易於獲得的儲蓄。從歷史上看，比特幣價格與M2的擴展有很強的相關性。

The idea is that as more liquidity is injected into the economy, the value of scarce assets like Bitcoin tends to rise at an accelerated rate.

這個想法是，隨著更多的流動性被注入經濟中，像比特幣這樣的稀缺資產的價值往往會以加速的速度上升。

Because of this correlation, even a modest 10% increase in M2 liquidity could potentially more than double Bitcoin’s price.

由於這種相關性，即使是M2流動性的10％也可能超過雙比特幣的價格。

This effect is due to a phenomenon known as power-law leverage, which means that Bitcoin’s price reacts disproportionately to changes in available liquidity.

這種效果是由於一種稱為冪律槓桿的現象，這意味著比特幣的價格對可用流動性的變化不成比例地反應。

On the other hand, BitMEX’s Arthur Hayes feels that Bitcoin’s recent drop to $77,000 may have marked a bottom.

另一方面，Bitmex的亞瑟·海斯（Arthur Hayes）認為比特幣最近跌至77,000美元可能標誌著底部。

He attributes the potential for renewed bullish momentum to the conclusion of quantitative tightening (QT) by April 1 and the possibility of renewed quantitative easing (QE) or exemptions to the Supplementary Leverage Ratio (SLR).

他將重新看漲勢頭的潛力歸因於4月1日的定量擰緊（QT）的結論，以及更新定量寬鬆（QE）或豁免的可能性與補充槓桿比率（SLR）。

Meanwhile, Strategy’s Michael Saylor remains steadfastly bullish, claiming that investors only have a couple of days left to buy Bitcoin (BTC) for under $100,000, “and then you will never see five-figure Bitcoin again”.

同時，策略的邁克爾·塞勒（Michael Saylor）仍然堅定不移地看漲，聲稱投資者只剩下幾天的時間購買比特幣（BTC），以不到100,000美元的價格購買比特幣（BTC），“然後您再也看不到五位數的比特幣了。”