比特幣（BTC）價格結束了1月第二週以來的最佳每週表現

在比特幣（BTC）結束了自1月第二週以來的最佳每週表現之後，4月14日星期一，美國財政部為期2年和10年的財政收益下降。

The 2-year and 10-year US Treasury yields dipped on Monday, April 14, after Bitcoin (BTC) closed its best weekly performance since the second week of January. Bitcoins price gained 6.79% over the past week, but are enough factors aligned to support continued price upside?

在比特幣（BTC）結束了自1月第二週以來的最佳每週表現之後，4月14日星期一，美國財政部為期2年和10年的財政收益下降。在過去一周中，比特幣價格上漲了6.79％，但是足夠的因素與持續價格上漲相一致嗎？

The 10-year treasury yield saw an 8.2 basis point decline to 4.40% during the New York trading session, while the 2-year treasury saw an 8 basis point slip to 3.88%. The drop in yields comes after possible tariff exemptions on smartphones, computers, and semiconductors were introduced to give US companies time to move production domestically. However, US President Donald Trump stated that these exemptions were temporary in nature.

在紐約交易會期間，為期10年的財政收益率下降了8.2個基點，至4.40％，而為期2年的財政部，8個基點滑倒至3.88％。引入了對智能手機，計算機和半導體的可能豁免的關稅免稅後，產量下降，以使美國公司有時間在國內移動生產。但是，美國總統唐納德·特朗普（Donald Trump）表示，這些豁免本質上是暫時的。

US 10-year treasury bond yields chart. Source: TradingView

美國10年債券收益圖。資料來源：TradingView

The tariff exemptions, which were announced on April 12, came at the end of a bullish week for Bitcoin. After forming new yearly lows at $74,500, BTC price rebounded 15% to $86,100 between April 9-13.

4月12日宣布的關稅豁免是在對比特幣的看漲週結束時。在4月9日至13日之間，BTC價格以74,500美元的價格形成了新的年度低點後，BTC的價格為15％，至86,100美元。

Easing US treasury yields could be a double-edged sword for Bitcoin. Lower yields decrease the appeal for fixed-income assets, improving capital injection into risk-on assets like BTC. Still, the uncertainty of “temporary exemptions” and the ongoing trade war with China keeps Bitcoin susceptible to further price volatility.

放鬆美國財政部的收益可能是比特幣的雙刃劍。較低的收益率降低了對固定收益資產的吸引力，從而改善了BTC等風險資產的資本注入。儘管如此，“暫時豁免”的不確定性以及與中國持續的貿易戰保持了比特幣容易進一步波動。

As an “inflation hedge,” Bitcoin continues to draw mixed opinions, but recent uncertainty over trade policies increases inflation fears, improving BTC’s store of value narrative. Yet, recent US inflation data suggested a cooling trend, as the Consumer Price Index (CPI) for March 2025 indicated a year-over-year inflation rate of 2.4%, down from 2.8% in February, marking the lowest since February 2023, which could be indirectly bearish for Bitcoin in the short term.

作為“通貨膨脹對沖”，比特幣繼續引起混雜的意見，但最近對貿易政策的不確定性增加了通貨膨脹的恐懼，從而改善了BTC的價值敘事存儲。然而，最近的美國通貨膨脹數據表明了冷卻趨勢，因為2025年3月的消費者價格指數（CPI）表明，同比的通貨膨脹率為2.4％，低於2月份的2.8％，標誌著自2023年2月以來的最低水平，這可能是比特幣在短期內間接看跌的。

Bitcoin price hurdles present at $88K to $90K

比特幣價格障礙以8.8k至$ 90k的價格出現

Trading resource Material Indicators noted that Bitcoin retained a bullish position above its 50-weekly moving average and quarterly open at $82,500. A strong weekly close implied a higher possibility that Bitcoin is less likely to re-visit its previous weekly lows anytime soon. The analysis noted,

交易資源材料指標指出，比特幣保留了50週的移動平均水平，每季度開放，為82,500美元。每週一次強大的近距離表明，比特幣不太可能很快重新訪問其以前的每週低點的可能性更高。分析指出，

“Above 50-W MA, Q1 Open at 82.5k and no lower highs yet. A strong green candle week closed above 80k. Less likely to revisit previous weekly lows.”

“高於50-W MA，第1季度為82.5k，尚無較低的高點。強大的綠色蠟燭週在80k以上關閉。重新訪問上一次每週低點的可能性較小。”

Likewise, Alphractal founder Joao Wedson suggested that Bitcoin may be nearing a bullish reversal, as the Perpetual-Spot Gap on Binance—a key indicator tracking the price difference between Bitcoin’s perpetual futures and spot markets, has been narrowing since late 2024.

同樣，Alphractal的創始人Joao Wedson建議比特幣可能正在逆轉，因為永恆的餘量差距是binance的 - 自2024年底以來，它一直在追踪比特幣永久未來和現貨市場之間價格差的關鍵指標。

Bitcoin Perpetual-spot price gap chart. Source: X.com

比特幣永久價格差距圖。資料來源：X.com

In a recent X post, Wedson highlighted that this shrinking gap, currently negative, signals fading bearish sentiment, with historical trends from 2020–2021 and 2024 showing that a positive gap often leads to a Bitcoin rally. Wedson noted that a flip to a positive gap could indicate returning buyer momentum. However, he cautioned that such negative gaps persisted during the 2022–2023 bear market.

在最近的X帖子中，韋德森強調說，這種縮小的差距（當前負面）表示淡出看跌情緒，其歷史趨勢從2020 - 2021年和2024年出現，表明積極的差距通常會導致比特幣集會。韋德森指出，向積極的差距翻轉可能表明返回的買家動力。但是，他警告說，在2022 - 2023年熊市中，這種負差距持續存在。

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每個投資和交易舉動都涉及風險，讀者在做出決定時應進行自己的研究。