比特幣（BTC）的價格動作有利於公牛，但是勢頭可以延伸到三月嗎？

熊以BTC的價格在2月份佔據主導地位，持有者尤其是那些在11月中旬以後購買的熊。

Bears have been dominant in February for BTC price, resulting in pain for holders especially those that purchased it after mid-November.

熊以BTC的價格在2月份佔據主導地位，持有者尤其是那些在11月中旬以後購買的熊。

The bearish month is now a wrap but, will March bring bullish tidings, or extend the same momentum observed in February?

看跌月現在是一個包裹，但是，三月會帶來看漲的消息，還是在二月份延長了相同的勢頭？

To recap, Bitcoin tanked by roughly 23% from its highest to lowest price point in February.

回顧一下，比特幣從2月份的最高價格到最低點數大約23％。

This bearish performance saw BTC drop to price levels last seen in the second week of November 2024.

這種看跌的表現使BTC在2024年11月的第二週上次降至價格水平。

This latest bearish outcome saw price dip as low as $78,197, but it has since bounced back to its $85,040 press time price tag.

最新的看跌結果使價格下跌低至78,197美元，但此後，價格降至其85,040美元的新聞時間價格標籤。

Also worth noting is that this recent dip pushed into the RSI’s oversold territory for the first time since early August 2024.

同樣值得注意的是，自2024年8月初以來，最近的傾角首次進入了RSI的超賣領土。

Could this latest dip be the ideal buy-back zone? The last time that price was oversold, Bitcoin bounced back significantly.

這個最新的下降可以是理想的回購區嗎？價格上次超賣時，比特幣大大反彈。

Is BTC Price slated for more recovery in March?

BTC價格是否計劃在三月份進行更多恢復？

One of the biggest characteristics of a major recovery is strong whale and institutional involvement.

重大復甦的最大特徵之一是強烈的鯨魚和機構參與。

ETF flows were in the green by roughly $94.3 million on Friday. This is the first time that ETFs have bought since mid-February.

週五，ETF流量為綠色約9430萬美元。這是ETF自2月中旬以來首次購買。

Interestingly, recent market data reveals that there was a noteworthy surge in whale activity.

有趣的是，最近的市場數據表明，鯨魚活動有所值得注意。

Whale inflows clocked in at 11,590 BTC on 28 February, while outflows were notably lower at 3,080 BTC.

2月28日，鯨魚流入為11,590 BTC，而流出量則為3,080 BTC。

A significant gap indicating that whales contributed to the recent bounce back.

一個很大的差距表明鯨魚有助於最近反彈。

If the same trend continues for the next few days, then it could provide enough momentum for Bitcoin to possibly recover above $90,000.

如果在接下來的幾天內持續相同的趨勢，那麼它可以為比特幣提供足夠的勢頭，以便在90,000美元以上收回。

The derivatives segment also demonstrated renewed interest. Market data demonstrated a surge in margin long positions in the last 48 hours.

衍生品細分市場也表現出了新的興趣。市場數據表明，在過去48小時內，利潤率的長度增加。

A sign that derivatives traders anticipate more upside. These observations suggest that bullish optimism is making a comeback especially after the massive discount.

衍生品交易者預計會有更多上漲空間的標誌。這些觀察結果表明，看漲樂觀情緒正在捲土重來，尤其是在大量折扣之後。

Even Bitcoin’s fear and greed index was up from 16 to 20 in the last 48 hours, signaling bullish expectations at the start of March.

在過去的48小時內，即使是比特幣的恐懼和貪婪指數也從16增加到20，這表明了3月初的看漲期望。

However, the latest downside had the market spoofed and investors are still on the edge about jumping back in.

但是，最新的缺點是市場席捲了市場，投資者仍在跳入方面。

A recent CryptoQuant analysis revealed that short term holders are selling Bitcoin at a loss. It also noted that open interest was down to a 6-month low.

最近的一項加密分析表明，短期持有人虧本出售比特幣。它還指出，開放興趣降至6個月的低點。

Why Politics and Economic Data will Determine Bitcoin’s Next Move

為什麼政治和經濟數據將決定比特幣的下一步行動

Perhaps the answer to whether Bitcoin bulls are ready to make a strong comeback in March, lies in the same reasons for its downside.

也許比特幣公牛是否準備在三月份重新捲土重來的答案，也是同樣的原因。

BTC’s bearish performance is consistent with the latest global economic woes.

BTC的看跌表現與最新的全球經濟困境一致。

For instance, the tariff wars and pesky inflation have had a negative impact on investor sentiment.

例如，關稅戰爭和討厭的通貨膨脹對投資者的情緒產生了負面影響。

As a consequence, investors have been selling their crypto holdings. President Trump recently confirmed that new tariffs will take effect in the first week of March.

結果，投資者一直在出售他們的加密貨幣。特朗普總統最近確認，新的關稅將在3月的第一周生效。

This may have contributed to the latest downside. The risk in this situation is that these political-economic issues may continue to dampen investor sentiment.

這可能導致了最新的缺點。在這種情況下的風險是，這些政治經濟問題可能會繼續削弱投資者的情緒。

If this trend continues, then Bitcoin bulls could have a challenging time trying to make a comeback.

如果這種趨勢持續下去，那麼比特幣公牛可能會有一段艱鉅的時間試圖捲土重來。