比特幣（BTC）價格下跌多達14％，至四個月低點

比特幣（BTC）在3月11日跌至76,600美元的四個月低點後，反彈多達14％。但是BTC的價格下降了約25％

Bitcoin (BTC) price dropped to a four-month low of $76,600 on March 11 after the world’s leading cryptocurrency rebounded by as much as 14%.

3月11日，比特幣（BTC）的價格下跌至3月11日的四個月低點76,600美元，此前世界領先的加密貨幣反彈多達14％。

Still, some analysts anticipate the Bitcoin price declines to continue in the future.

儘管如此，一些分析師仍預計將來的比特幣價格會降低。

“Dark cloud” hints Bitcoin is topping out

“烏雲”提示比特幣正在淘汰

Bitcoin faces renewed bearish pressure after rejecting at $87,470, the descending channel resistance, with a “dark cloud cover” pattern reinforcing the downtrend, according to an analysis shared by GDXTrader on X.

根據GDXTrader在X上共享的分析，比特幣在拒絕$ 87,470（降低的通道電阻）的拒絕後面臨著更新的看跌壓力，其“烏雲覆蓋率”增強了下降趨勢。

BTC/USD daily price chart. Source: TradingView/@GDXTrader

BTC/USD每日價格圖。資料來源：TradingView/@gdxtrader

The dark cloud cover pattern occurs when a strong green candle is followed by a red candle that opens above the previous close but closes below the midpoint of the first candle’s body.

當一支強烈的綠色蠟燭之後是一支紅色蠟燭，它在前面的近距離上方打開，但在第一個蠟燭的身體的中點以下時，就會發生烏雲蓋圖案。

Illustration of a dark cloud cover. Source: GoldenEye Analysis

烏雲蓋的插圖。資料來源：Goldeneye分析

Such a shift in sentiment indicates that buyers attempted to push higher but were overpowered by sellers, often leading to further downside.

這種情緒的轉變表明，買家試圖推動更高，但被賣方壓倒，通常會導致進一步的缺點。

Bitcoin's failure to close within the $90,000-$93,000 resistance zone suggests a lack of buying conviction, GDXTrader noted, saying the cryptocurrency will remain under bearish pressure unless it decisively breaks above the said range.

GDXTRADER指出，比特幣未能在90,000- $ 93,000的電阻區關閉，這表明缺乏購買定罪。

BTC price ‘perfect rejection’ risks $65,000

BTC價格“完美拒絕”風險$ 65,000

Bitcoin's potential to decline further arises from its “perfect rejection” after testing the $86,000-88,000 zone as resistance, according to analysis from popular trader CrediBULL Crypto.

根據受歡迎的Trader Credibull Crypto的分析，比特幣在測試了86,000-88,000個區域後，其“完美拒絕”的潛力進一步源於其“完全拒絕”。

Related: Here's why Bitcoin price can't go higher than $87.5K

相關：這就是為什麼比特幣價格不能高於$ 87.5K的原因

Notably, Bitcoin attempted to break toward the local supply zone marked in red but failed to sustain above the said resistance zone, illustrated by the orange circle in the chart below.

值得注意的是，比特幣試圖朝著紅色標記但未能維持上述阻力區域的局部供應區闖入，在下圖中由橙色圓圈說明。

BTC/USD hourly price chart. Source: TradingView/CrediBULL Crypto

BTC/USD小時價格圖表。資料來源：TradingView/Credibull Crypto

Failure to reclaim the supply zone has increased the probability of a drop toward lower support levels around $77,000-79,000 (highlighted in green) by March. Testing this area as support has led to sharp price rebounds in March.

到3月，未能收回供應區的可能性提高了下降較低的支撐水平（綠色突出顯示）的可能性。測試該區域作為支持，導致了3月的價格穩定籃板。

Nonetheless, if this support zone breaks, a deeper move below the $77,000-79,000 region could extend toward the $65,000-74,000 area—the larger green liquidity zone in the chart above—by April.

儘管如此，如果該支撐區破裂，則更深入的轉變為77,000-79,000個地區可能會延伸到4月上面圖表中較大的綠色流動性區域的$ 65,000-74,000地區。

Analyst George shared a similar outlook, as shown below.

分析師喬治分享了類似的前景，如下所示。

Source: George1Trader/X

資料來源：George1trader/X

“Hard to stay bullish” with a bear flag pattern

用熊旗圖案“難以看見”

According to analyst CryptOpus, Bitcoin remains tightly correlated with traditional equity markets, particularly the S&P 500 (SPX) and Nasdaq 100 (NDX), both of which are displaying bear flag patterns on the charts.

根據分析師的加密貨幣，比特幣仍然與傳統的股票市場密切相關，尤其是標準普爾500指數（SPX）和NASDAQ 100（NDX），這兩者都在圖表上顯示熊旗圖案。

A bear flag forms when the price consolidates higher inside an ascending parallel channel. It resolves if the price breaks below the lower trendline and drops by as much as the previous downtrend’s height.

當價格在上升的平行通道內部更高時，形成熊旗。如果價格下降到較低的趨勢線低於較低的趨勢，則它可以解決。

Source: CryptOpus

資料來源：加密

BTC is following a similar bear flag structure, with $84,000 acting as the lower trendline support. A break below this threshold could trigger a deeper sell-off toward $72,000 per the technical rule explained above.

BTC遵循類似的熊旗結構，84,000美元充當較低的趨勢線支持。根據上述技術規則，低於此閾值的突破可能會引發更深層次的拋售範圍。

Moreover, Bitcoin's correlation with equities has grown due to a broader decline in risk-on sentiment, led by the US President Donald Trump's global trade war.

此外，由於美國總統唐納德·特朗普（Donald Trump）的全球貿易戰，比特幣與股票的關係不斷增長。

BTC/USD and Nasdaq Composite 30-day correlation. Source: TradingView

BTC/USD和NASDAQ複合30天相關。資料來源：TradingView

Arthur Breitman, the co-founder of Tezos, has called US recession one of the crypto market's biggest external risks.

Tezos的聯合創始人Arthur Breitman稱我們的經濟衰退是加密貨幣市場最大的外部風險之一。