隨著經濟問題威脅，比特幣（BTC）作為衰退對沖出現

投資者正在研究替代資產，以保護其投資組合，因為經濟問題威脅著。比特幣通常被稱為“數字黃金”，開始被視為對沖經濟的可能性

Investors are keeping an eye on alternative assets as a safe haven for their portfolios amid mounting economic questions. In an interesting development, Bitcoin is beginning to be recognized by some financial institutions as a probable hedge against the pressures of an economic downturn, often recognized as “digital gold.”

在越來越多的經濟問題的情況下，投資者正在關注替代資產作為其投資組合的避風港。在一個有趣的發展中，比特幣開始被一些金融機構認可為經濟低迷的壓力，通常被認為是“數字黃金”。

The possibility of macroeconomic problems might spur greater interest in Bitcoin among institutions. A few days ago, this point of view was highlighted by Robbie Mitchnick, the head of digital assets at BlackRock (NYSE:BLK). Mitchnick’s observations came during a period of market uncertainty, with investors keeping an eye on any indication of a recession. A large driver for Bitcoin might be the recession since it would provoke more institutional curiosity. This point of view contradicts the conventional opinion of Bitcoin as a high-risk asset, instead presenting it as a reasonable store of value for financial turmoil. Given financial instability, the changing story reinforces Bitcoin’s possibility of being used in diversified investment plans.

宏觀經濟問題的可能性可能會激發機構中對比特幣的更大興趣。幾天前，貝萊德（NYSE：BLK）的數字資產負責人羅比·米奇尼克（Robbie Mitchnick）強調了這一觀點。米奇尼克（Mitchnick）的觀察是在市場不確定性時期進行的，投資者密切注意任何經濟衰退的跡象。比特幣的大型駕駛員可能是經濟衰退，因為它會引起更多的機構好奇心。這種觀點與比特幣作為高風險資產的常規意見相矛盾，而是將其作為金融動蕩的合理價值存儲。鑑於金融不穩定，不斷變化的故事加強了比特幣在多元化投資計劃中使用的可能性。

The promise of an autonomous and decentralized cryptocurrency has drawn a following among those disappointed by the conventional financial system. The optimal scenario for Bitcoin would be a time of heightened macroeconomic instability, leading to a broader category of investors—like the institutional investors who are increasingly interested in the cryptocurrency market—pivoting to alternative assets.

自主和分散的加密貨幣的承諾吸引了傳統金融體系失望的人。比特幣的最佳場景將是宏觀經濟不穩定的時期，導致更廣泛的投資者（例如對加密貨幣市場越來越感興趣的機構投資者）偏向於替代資產。

During times of financial crisis, safe havens have traditionally included assets like gold (GLD) due to their ability to retain value while other markets experience volatility. Nonetheless, Bitcoin’s decentralized nature and fixed supply provide special qualities that attract those looking for alternatives. Under such recessionary conditions—characterized by high government expenditure and low interest rates—Bitcoin could boom as people search for assets uncorrelated with conventional markets, making it the best recession hedge.

在金融危機時期，安全避風港傳統上包括黃金（GLD）等資產，因為它們具有保持價值的能力，而其他市場經歷了波動。儘管如此，比特幣的分散性質和固定供應提供了特殊的品質，吸引了尋求替代品的人。在這種經濟衰退條件下，當人們尋找與常規市場不相關的​​資產時，Bitcoin可能會蓬勃發展，這使其成為最佳的衰退對沖。

Mitchnick’s comments, which were part of a broader discussion on the expanding role of digital assets in an evolving financial landscape, highlight BlackRock’s efforts in including digital assets into their portfolio. This institutional approval not only validates Bitcoin but also indicates a transformation in the investment approach whereby conventional financial institutions accept the value proposition of cryptocurrencies in hedging against economic risks. Let’s take a look to see if the chart of Bitcoin tells the same story about Bitcoin price prediction or not.

米奇尼克（Mitchnick）的評論是關於數字資產在不斷發展的金融景觀中不斷擴大的作用的更廣泛討論的一部分，重點介紹了貝萊德（Blackrock）在將數字資產包括在其投資組合中的努力。該機構批准不僅驗證了比特幣，而且還表明了投資方法的轉變，在這種方法中，常規金融機構接受加密貨幣的價值主張，以應對經濟風險。讓我們看看比特幣圖表是否講述了關於比特幣價格預測的同一故事。

The chart shows BTC trading at $85,583.90, creating a converging triangle pattern following a breakout from the previous consolidation. Though the price rose above resistance levels first, it met sellers near $87,250, which caused a pullback. With an RSI of 41, which shows neutral to bearish momentum, bitcoin is neither overbought nor oversold. With the signal line crossing under the MACD line, which suggests declining momentum, the MACD indicator is negative. Depending on market sentiment and volume, the existing converging triangle could cause a breakout in either direction. Bitcoin could try another rally if it holds support anywhere around $85,150.

圖表顯示，BTC交易價格為85,583.90美元，在以前的合併中斷後，創建了收斂的三角形模式。儘管價格首先上漲了電阻水平，但它遇到了賣方近87,250美元，這引起了回調。比特幣的RSI為41，表現出中性至看跌的動力，既不是超買也不超過。由於MACD線下的信號線交叉表明動量下降，MACD指示器為負。根據市場情緒和數量，現有的融合三角形可能會在任一方向上引起突破。如果比特幣可以在85,150美元左右的支持範圍內舉行另一個集會。

Chart 1: Analysed by vallijat007, published on TradingView, March 20, 2025

圖1：由Vallijat007分析，於2025年3月20日在Tradingview上發布

Previously a demand region, the key support level is in the range of $83,850–$84,000. Bitcoin could test this support before any possible rebound if it breaks under the present consolidation pattern. On the other hand, a breakout above the resistance of the converging triangle could drive BTC toward $86,350 to finally retest $87,250. For trend confirmation, traders ought to keep an eye on RSI and MACD crossovers. Bitcoin’s price action is unclear given the recent instability; therefore, risk management is critical over the short run.

以前是需求區域，關鍵支持水平在83,850- $ 84,000的範圍內。如果比特幣在當前的合併模式下破裂，則可以在任何可能的反彈之前測試此支持。另一方面，融合三角形的阻力上方的突破可能會使BTC達到86,350美元，最終重新估算$ 87,250。為了確認趨勢，交易者應該關注RSI和MACD跨界車。考慮到最近的不穩定，比特幣的價格行動尚不清楚。因此，在短期內，風險管理至關重要。

As the macroeconomic landscape shifts and financial institutions adjust their strategies accordingly, the narrative surrounding Bitcoin is changing. This change in narrative is especially interesting among institutional investors, who are increasingly considering alternative assets as part of their investment plans. In essence, BlackRock’s strategic interest in Bitcoin marks a departure from the conventional financial wisdom of the past, presenting a new possibility for a generation of investors used to different market cycles and financial institutions.

隨著宏觀經濟景觀的變化和金融機構相應地調整其策略，圍繞比特幣的敘述正在發生變化。在機構投資者中，這種敘事的這種變化尤其有趣，他們越來越考慮將替代資產視為其投資計劃的一部分。從本質上講，貝萊克對比特幣的戰略興趣標誌著與過去的傳統財務智慧背道而馳，這為用於不同市場週期和金融機構的一代投資者帶來了新的可能性。