為什麼比特幣（BTC）呈現負動能趨勢？

隨著美國股市本週開局走弱，比特幣面臨顯著下滑。領先的加密貨幣，早些時候已飆升至 69,000 美元以上

Bitcoin encountered selling pressure on Monday evening, slipping below the $67,000 threshold after clocking highs of $69,000 earlier in the day. The cryptocurrency had seen a strong rally last week, surging past the key resistance level of $60,000. However, the gains were capped as U.S. stock markets opened the new trading week on a weaker note.

比特幣週一晚間遭遇拋售壓力，在當天早些時候觸及 69,000 美元高點後跌破 67,000 美元關卡。該加密貨幣上週強勁反彈，突破了 6 萬美元的關鍵阻力位。然而，由於美國股市新交易週開盤走軟，漲幅受到限制。

Bitcoin opened the evening session at $69,500 before facing selling pressure. The cryptocurrency slid below the $67,000 threshold as the trading session progressed. At press time, Bitcoin was trading at approximately $66,840, down by 3.6% over the past 24 hours.

比特幣晚間開盤價為 69,500 美元，隨後面臨拋售壓力。隨著交易時段的進行，加密貨幣跌破 67,000 美元的關卡。截至發稿，比特幣交易價格約為 66,840 美元，過去 24 小時下跌 3.6%。

The broader trend in U.S. equity markets also saw major indices opening the week with losses. The S&P 500 recorded a decline of 0.65%, while the Dow Jones and Nasdaq Composite opened the session with drops of 0.8% and 0.6%, respectively.

美國股市的整體趨勢也導致主要股指本週開盤下跌。標普 500 指數下跌 0.65%，道瓊指數和那斯達克指數開盤分別下跌 0.8% 和 0.6%。

Investors are keeping a close eye on the upcoming earnings reports of major corporations, which could influence the markets. The reports are expected to provide insights into the health of the U.S. economy and the impact of inflation.

投資者正在密切關注大公司即將發布的收益報告，這可能會影響市場。預計這些報告將提供有關美國經濟健康狀況和通膨影響的見解。

Meanwhile, U.S. 10-year Treasury bond yields jumped by nine basis points to reach 4.168%. This rise in yields comes as investors speculate on the Federal Reserve's plans to reduce interest rates.

同時，美國10年期公債殖利率上漲9個基點，達到4.168%。殖利率上升之際，投資人猜測聯準會的降息計畫。

According to Sam Stovall, Chief Investment Strategist at CFRA, the rising bond yields indicate that investors believe the Fed may delay its plans. With the economy remaining resilient, Stovall noted that bringing inflation down to the Fed’s 2% target might prove more challenging than previously anticipated.

CFRA首席投資策略師Sam Stovall表示，債券殖利率上升顯示投資人認為聯準會可能會推遲其計畫。斯托瓦爾指出，由於經濟維持彈性，將通膨率降至聯準會 2% 的目標可能比先前預期更具挑戰性。

A recent analysis from Goldman Sachs also sparked conversation on Wall Street. The bank's strategists predicted that over the next decade, the S&P 500 will likely deliver an annual nominal return of just 3%, a significant drop from the 13% average of the past 10 years.

高盛最近的一項分析也引發了華爾街的討論。該銀行策略師預測，未來十年，標準普爾 500 指數的年名目報酬率可能僅為 3%，比過去 10 年 13% 的平均報酬率大幅下降。

The report further highlighted a 72% chance that the index will underperform U.S. Treasury bonds by 2034, cautioning investors to brace for lower stock market returns in the coming years.

該報告進一步強調，到 2034 年，該指數有 72% 的可能性將跑輸美國國債，並警告投資者為未來幾年股市回報率下降做好準備。