隨著特朗普的貿易關稅在全球金融市場造成不確定性，比特幣（BTC）的價格下跌

隨著新的美國貿易關稅為已經波動的市場增加壓力，比特幣再次面臨不確定性時期。

Bitcoin (BTC) is once again facing a period of uncertainty as new U.S. trade tariffs add pressure to an already volatile market. According to Charles Edwards, this situation looks similar to the 2022 bear market bottom, raising concerns about what’s next for BTC.

隨著新的美國貿易關稅為已經波動的市場增加壓力，比特幣（BTC）再次面臨不確定性時期。根據查爾斯·愛德華茲（Charles Edwards）的說法，這種情況看起來類似於2022年熊市底部，這引起了人們對BTC下一步的擔憂。

The cryptocurrency took a hit after President Donald Trump announced global reciprocal trade tariffs on April 2. While U.S. stocks managed to recover, BTC dropped as much as 8.5% in a single day.

在唐納德·特朗普總統於4月2日宣布全球互惠貿易關稅之後，加密貨幣受到了打擊。儘管美國股票設法恢復，但BTC在一天內下降了多達8.5％。

This downturn comes as no surprise to those following Edwards' analysis. In a recent post, the Capriole Investments founder highlighted that U.S. business expectations are now at levels seen in 2000, 2008, and 2022—years tied to major market downturns.

對於那些遵循愛德華茲的分析的人來說，這種低迷並不奇怪。在最近的一篇文章中，Capriole Investments創始人強調，美國的業務期望現在在2000年，2008年和2022年的水平上，與主要市場低迷有關。

"This is as tariffs are coming in hotter than expected. Phily Fed Business Outlook survey shows expectations today comparable to 2000, 2008 and 2022. How long until the Powell printer starts humming? Discussed in @capriole_fund's update last week," said Edwards.

愛德華茲說：“這是因為關稅比預期的。

A chart from the Philadelphia Fed Business Outlook Survey (BOS) showed business confidence falling below 15, a sign of economic strain. According to Edwards, while BOS data isn't always accurate, it has historically indicated high-risk periods for financial markets.

費城美聯儲業務前景調查（BOS）的圖表顯示，業務信心低於15歲，這是經濟壓力的標誌。根據愛德華茲（Edwards）的說法，儘管BOS數據並不總是準確，但歷史上它表明金融市場的高風險時期。

"If the tariff war escalates or corporate margins start to shrink, we could see further downside," he added.

他補充說：“如果關稅戰爭升級或公司利潤率開始縮小，我們可能會進一步看到不利的方面。”

Key Price Levels To Watch

關鍵的價格水平要觀看

For Bitcoin traders, the key level to watch in the short term is $91,000. If Bitcoin manages a daily close above the $84k level, it could be a strong bullish signal. However, if prices continue to drop, Bitcoin may test the $71,000 support zone, where a significant rebound could occur.

對於比特幣交易者來說，短期內觀看的關鍵水平為91,000美元。如果比特幣每天管理著超過8.4萬美元的水平，這可能是一個強烈的看漲信號。但是，如果價格繼續下跌，比特幣可能會測試71,000美元的支持區，可能會發生重大反彈。

Capriole Investments suggests that the U.S. macroeconomic environment will ultimately determine Bitcoin's next major move.

Capriole Investments表明，美國宏觀經濟環境最終將決定比特幣的下一個主要舉措。

Can U.S. Liquidity Boost Bitcoin Up?

美國流動性可以提高比特幣嗎？

Perhaps a shift in U.S. monetary policy might be a game-changer for Bitcoin. The Federal Reserve has already started easing its tight policies, raising speculation about a return to quantitative easing (QE).

也許美國貨幣政策的轉變可能是比特幣的改變遊戲規則。美聯儲已經開始放鬆其嚴格的政策，從而提出了人們對恢復定量寬鬆（QE）的猜測。

"How long until the Powell printer starts humming?" asked Edwards.

“鮑威爾打印機開始嗡嗡作響多久？”愛德華茲問。

This question is crucial as it relates to the possibility of an increased money supply, which has historically driven Bitcoin's price higher. According to Capriole Investments' analysis, a new cycle of M2 liquidity could directly influence Bitcoin's price movements, potentially leading to a recovery starting as early as May.

這個問題至關重要，因為它涉及增加貨幣供應的可能性，該貨幣供應量增加了，歷史上將比特幣的價格提高了。根據Capriole Investments的分析，M2流動性的新周期可能直接影響比特幣的價格變動，這可能會導致早在5月開始恢復。