一些市場分析師稱

據一些市場分析師稱，比特幣（BTC）可能在任何重大回購之前達到110,000美元的新歷史高點，他們引用了緩解通貨膨脹並增加全球流動性作為支持價格集會的關鍵因素。

Some market analysts believe that Bitcoin (BTC) may reach a new all-time high of $110,000 before any significant retracement.

一些市場分析師認為，比特幣（BTC）在任何重大回購之前可能會達到110,000美元的新歷史高點。

According to Arthur Hayes, co-founder of BitMEX and chief investment officer of Maelstrom, the key factor supporting such a rally is the US Federal Reserve pivoting to quantitative easing (QE) for treasuries from quantitative tightening (QT).

根據BITMEX的聯合創始人兼Maelstrom首席投資官Arthur Hayes的說法，支持這種集會的關鍵因素是美國的美聯儲樞紐定量寬鬆（QE），用於定量收緊（QT）的國庫。

However, despite recent speculation that QT is "basically over" on April 1, several analysts pointed out that the Fed has only slowed QT and is still planning to shrink its balance sheet.

然而，儘管最近猜測QT在4月1日基本上已經“結束”，但幾位分析師指出，美聯儲只減慢了QT的速度，並且仍計劃縮小其資產負債表。

Ben Counton, founder and CEO of IntoTheCryptoVerse, stated that QT is still in place and will continue until the Fed completes its goal of selling $35 billion per month from its mortgage-backed securities portfolio.

IntotheCryptoverse的創始人兼首席執行官Ben Counton表示，QT仍然存在，並將繼續進行，直到美聯儲完成其從抵押貸款支持的證券投資組合中出售350億美元的目標。

“QT is not ‘basically over’ on April 1st. They still have $35B/mo coming off from mortgage-backed securities. They just slowed QT from $60B/mo to $40B/mo,” Counton explained.

“ QT在4月1日基本上並沒有'基本上'。他們仍然有35B/mo的$ 35B/mo從抵押貸款支持的證券中脫穎而出。他們只是將QT從$ 60B/mo放慢速度至40b/mo，” Counton解釋說。

According to a March 24 X post by Hayes, who is also the author of the upcoming book "The Rising. The Fall. The Final Chapter," his last bet is that Bitcoin will hit $110,000 before it retests $76,500.

根據海耶斯（Hayes）的3月24日X帖子，他也是即將出版的書《崛起。秋季。秋季》的作者，他的最後一個賭注是比特幣將在重新測試76,500美元之前達到110,000美元。

"I bet $BTC hits $110k before it retests $76.5k. Y? The Fed is going from QT to QE for treasuries. And tariffs don’t matter cause of 'transitory inflation.' JAYPOW told me so."

“我敢打賭，$ btc在重新測試$76.5k。y？美聯儲將從QT到QE的國債。而且關稅並不重要，因為'臨時通貨膨脹'的原因無關緊要。傑波（Jaypow）告訴我。”

Source: Arthur Hayes

資料來源：亞瑟·海斯（Arthur Hayes）

“What I mean is that the price is more likely to hit $110k than $76.5k next. If we hit $110k, then it’s yachtzee time and we ain’t looking back until $250k,” Hayes added in a follow-up X post.

“我的意思是，價格更有可能達到110k美元的$ 76.5k。如果我們達到了11萬美元，那是Yachtzee的時間，直到25萬美元，我們才回頭，” Hayes在後續X Post中補充說。

Quantitative tightening (QT) is when the US Federal Reserve shrinks its balance sheet by selling bonds or letting them mature without reinvesting proceeds, while quantitative easing (QE) means that the Fed is buying bonds and pumping money into the economy to lower interest rates and encourage spending during difficult financial conditions.

定量收緊（QT）是美國美聯儲通過出售債券或讓其成熟而不會再投資收益的情況下縮小資產負債表的時間，而定量放鬆（QE）意味著美聯儲正在購買債券，並向經濟投入資金以降低利率，並在困難的財務條件下鼓勵支出。

Another analyst pointed out that while the Fed has slowed QT, it has not yet fully pivoted to easing.

另一位分析師指出，儘管美聯儲放慢了QT，但尚未完全透露寬鬆。

Meanwhile, crypto traders and analysts are eagerly awaiting the Fed's pivot to quantitative easing, which has historically been a bullish factor for Bitcoin's price.

同時，加密貨幣商人和分析師急切地等待著美聯儲對量化寬鬆的關鍵，這在歷史上一直是比特幣價格的看漲因素。

The last period of QE in 2020 coincided with a more than 1,000% surge in Bitcoin's price, as it rallied from around $6,000 in March 2020 to a then-record high of $69,000 in November 2021.

2020年的最後一個時期與比特幣的價格上漲超過1,000％，因為它從2020年3月的6,000美元降至當時的69,000美元的69,000美元。

After a strong rally from $25,000 in December 2022 to a new all-time high of $69,000 in November 2021, Bitcoin's price faced significant resistance in 2022 due to macroeconomic headwinds and encountered a low point of $15,000 in November 2022.

從2022年12月的25,000美元到2021年11月的新歷史最高售價69,000美元之後，由於宏觀經濟的逆風，比特幣的價格在2022年的新歷史最高點，並在2022年11月遇到了15,000美元的低點。

However, Bitcoin's recovery to above $85,000 after last week's Federal Open Market Committee (FOMC) meeting is a bullish sign for investor sentiment that may signal more upside, according to Emmanuel Cardozo, market analyst at real-world asset (RWA) tokenization platform Brikken.

但是，在上週聯邦公開市場委員會（FOMC）會議之後，比特幣的回收率超過了85,000美元，這是投資者情緒的看漲信號，這可能會提示更高空間，這可能會提出更多的上漲空間。

The macroeconomic environment also "supports" a Bitcoin rally to $110,000, the analyst told Cointelegraph.

分析師告訴Cointelegraph，宏觀經濟環境也將比特幣集會“支持”到110,000美元。

"Global liquidity has risen, discussions around a US Bitcoin strategic reserve, potentially driving Bitcoin toward that $110,000 mark as BTC liquidity available in exchanges keeps dropping, leading to a supply squeeze scenario."

“全球流動性已經上升，關於美國比特幣戰略儲備的討論，可能會將比特幣驅動到110,000美元，因為交易所中的BTC流動性不斷下降，從而導致了供應擠壓場景。”

"But a correction to $76,500 aligns with Bitcoin's historical volatility, often triggered by profit-taking or unexpected market shifts," Cardozo added.

卡多佐補充說：“但是，與比特幣的歷史波動率相符的76,500美元的糾正通常是由獲利或意外的市場轉移引發的。”

According to Ben Counton, founder and CEO of IntoTheCryptoVerse, the case for Bitcoin continuing higher is strong as it recently closed a weekly candle above the 21-week and 200-week moving averages.

IntotheCryptoverse的創始人兼首席執行官Ben Counton表示，比特幣繼續更高的案例非常強勁，因為它最近關閉了每週的蠟燭，高於21周和200週的移動平均值。

This bullish momentum aligns with Arthur's view, and they are both looking for $88K to be taken out in order to pave the way for the next leg of the uptrend.

這種看漲的勢頭與亞瑟（Arthur）的觀點保持一致，他們倆都在尋找$ 88K的價格，以便為下一個上升趨勢鋪平道路。

However, Counton pointed out that those bullish trends are already priced in and the next move will depend on whether buyers or sellers come out on top.

但是，伯爵（Counton）指出，這些看漲趨勢已經定價，下一步將取決於買賣雙方是否脫穎而出。

"I think a move to $76.5K would come if we get a strong close below the 21-week MA. And if we get another strong candle like last week's, then I think we can go as

“我認為，如果我們在21週以下的MA。