比特幣（BTC）本月連續第二次連續第二次，因為新的看跌壓力使價格受到壓制。

比特幣（BTC）本月連續第二次連續第二次，因為新的看跌壓力使價格受到壓制。然而，更廣泛的市場恢復到了本月初的最後水平。

Bitcoin price ranged for a second consecutive time this month as fresh bearish pressures kept the flagship crypto suppressed. However, the broader market recovered to levels last seen at the start of the month.

比特幣的價格範圍範圍不等，因為新鮮的看跌壓力使旗艦加密被壓制。但是，更廣泛的市場恢復到了本月初的最後水平。

As of late Asian trading hours on Friday, the total cryptocurrency market cap stood at around $2.95 trillion. In the previous week, market sentiment improved, recovering 13 points to neutral levels.

截至週五晚期亞洲交易小時，加密貨幣市值的總額約為2.9.5萬億美元。在上一周，市場情緒得到了改善，恢復了13點至中立水平。

Altcoin traders entered the weekend with modest gains, while a handful of prominent projects stood out in terms of weekly gains.

Altcoin Traders以適度的收益進入了周末，而每週的收益就脫穎而出。

Why is Bitcoin down this week?

為什麼本週比特幣會下降？

Bitcoin traders entered this week with cautious optimism as inflation concerns cooled off. However, by the end of the week, fresh bearish pressure prevented the flagship crypto from gaining a foothold above the $85k support level.

隨著通貨膨脹率降低，比特幣交易者本周謹慎地進入。但是，到週末結束時，新鮮的看跌壓力阻止了旗艦加密貨幣的立足點高於85,000美元的支撐水平。

The decline followed US President Donald Trump’s announcement of a 25% tariff on all imported automobiles, set to take effect on April 2. The move put pressure on risk assets across the board, with Bitcoin falling in tandem with US equities as the correlation between the two markets continued to rise.

在美國總統唐納德·特朗普（Donald Trump）宣布對所有進口汽車徵收25％關稅的下降之後，將於4月2日生效。此舉使風險資產全面施加壓力，比特幣與美國股票同時下降，因為這兩個市場之間的相關性繼續上升。

Adding to the pressure, US inflation data released on March 28 showed stronger-than-expected results. While headline PCE numbers aligned with forecasts at 0.3% m-o-m and 2.5% y-o-y, core PCE figures came 0.1% higher than expected, at 0.2%, hinting at persistent inflationary pressures.

3月28日發布的美國通貨膨脹數據增加了壓力，結果顯示出比預期的結果。儘管標題PCE數量與預測為0.3％的MOM和2.5％同上，但核心PCE數字比預期的0.1％，為0.2％，暗示持續的通貨膨脹壓力。

By the end of the week, BTC seemed to have lost momentum as it moved to test multi-week lows.

到本週末，BTC似乎已經失去了動力，因為它移動了多周的低點。

Will Bitcoin go up?

比特幣會上升嗎？

Analysts remained sceptical about the broader crypto market, noting that Bitcoin’s recent stability above $80,000 hasn’t yet confirmed a recovery.

分析師對更廣泛的加密市場仍然持懷疑態度，並指出比特幣最近的穩定性超過80,000美元尚未確認恢復。

Veteran trader and analyst Michaël van de Poppe noted the “trend remains to be upwards” for BTC, but admitted it’s beginning to “look slightly less good.” In a recent X post, he warned that a break below $84,000 may “see a test at $78–80K and perhaps lower” before the price recovers.

經驗豐富的商人和分析師MichaëlVande Poppe指出，BTC的“趨勢仍然是要上升的”，但承認它開始“看起來略微不那麼好”。在最近的X帖子中，他警告說，低於$ 84,000的休息時間可能會在價格恢復之前“以78-80k的價格看待78-80k，也許是更低的測試”。

At press time, Bitcoin was quickly approaching those levels.

發稿時，比特幣正在迅速接近這些水平。

Fellow trader AlphaBTC echoed that caution, emphasising that Bitcoin needs to hold above the monthly open at $84,300, a key level which Bitcoin “must hold” to avoid ending the month in the red.

交易員Alphabtc對此表示謹慎，強調比特幣需要以84,300美元的價格保持在月開業的高度，這是比特幣“必須保持”的關鍵水平，以避免以紅色結束月份。

According to the analyst, Bitcoin might be drifting towards that level and into “max pain” territory, referring to the Friday March options expiry, which could add further pressure before the month wraps up.

根據分析師的說法，比特幣可能正朝著該級別上升到“最大痛苦”領域，指的是3月期權到期，這可能會在月份結束之前增加壓力。

More bearish predictions came from well-followed market commentator Ted Pillows, who predicted a drop towards $74,000 if BTC fails to make a weekly close above $89,000.

更多的看跌預測來自良好的市場評論員TED Pillows，如果BTC未能在每週的收盤處跌至89,000美元以上，他們預計將下降到74,000美元。

On the weekly chart, Bitcoin had formed a falling wedge pattern, the analyst noted in a March 28 X post. See below.

分析師在3月28日x帖子中指出，在每週圖表上，比特幣形成了楔形圖案。見下文。

Yet the bull run isn’t over just yet, according to analysts at CryptoQuant. In a recent Quicktake blog, they pointed to four on-chain metrics that are currently in flux, showing signs of short-term turbulence, but not signaling a cycle top.

CryptoFeant的分析師說，然而，公牛跑還沒有結束。在最近的QuickTake博客中，他們指出了四個目前正在變形的鍊鍊指標，顯示出短期動蕩的跡象，但沒有標誌著周期頂部。

These include the MVRV ratio, NUPL, and the Inter-Exchange Flow Pulse (IFP), which turned bearish back in February.

其中包括MVRV比率，NUPL和交換間流脈衝（IFP），後者在二月份轉移了看跌。

Contributor Burak Kesmeci noted that while “Bitcoin is experiencing significant turbulence,” none of the data points suggest things have overheated. For sentiment to shift, he added, the IFP needs to climb back above its 90-day simple moving average.

撰稿人Burak Kesmeci指出，儘管“比特幣正在經歷重大的動盪”，但這些數據點都沒有表明事情過熱了。他補充說，要使情緒變化，IFP需要向後爬高於其90天簡單的移動平均線。

As of the last check on Friday at 4 p.m. GMT, Bitcoin was trading at $84,264, showing no gains on the weekly timeframe.

截至格林尼治標準時間週五下午4點的最後一次支票，比特幣的交易價格為84,264美元，顯示每週的時間範圍沒有收益。

Altcoin market recovers

Altcoin市場恢復

The total altcoin market capitalization hit a weekly high of $1.25 trillion before receding to $1.21 trillion by late Friday.

山寨幣市值的總高價達到了每週1.25萬億美元，然後在周五下旬退出至1.21萬億美元。

Bitcoin remained the dominating force in the market with the altcoin seasonality index at 17, four points lower than the previous week.

比特幣仍然是市場上的主導力量，而Altcoin季節性指數為17分，比上週低4分。

Although the vast majority of the top 99 altcoins had failed to recover from last week’s losses, the top gainers of the week all posted double-digit gains: Cronos, Berachain and Four.

儘管前99個山寨幣的絕大多數未能從上週的損失中恢復過來，但本週的最高利益均出現了兩位數的增長：Cronos，Berachain和四個。

Cronos (CRO) shot up 37% over the past week, exchanging hands at $0.106 when writing, while its market cap stood at $2.83 billion. Trading activity also picked up big time, going from $67 million to $140 million during the same period.

Cronos（CRO）在過去一周中飆升了37％，在寫作時以0.106美元的價格交換，而市值為28.3億美元。貿易活動也佔據了很長時間，同期從6700萬美元到1.4億美元。

Cronos price chart | Source: CoinMarketCap

Cronos價格圖|資料來源：CoinMarketCap

Most of this week’s gains came from reports that Trump Media, the parent company of Truth Social, is partnering with Crypto.com to launch a series of exchange-traded funds under the Truth.Fi brand, including

本週的大部分收益都來自報導稱，Truth Social的母公司Trump Media與Crypto.com合作，以Truth.fi品牌（包括