比特幣（BTC）努力打破超過$ 84,000的電阻，停留在$ 5,500範圍內

比特幣（BTC）的交易範圍在5,500美元的範圍內，努力超過84,000美元的電阻。

Bitcoin (BTC) has been struggling to break past the $84,000 resistance and is now trading within a $5,500 range as macroeconomic uncertainty and Trump’s trade policies continue to dampen risk asset demand, new data from Glassnode and CoinsGlass shows.

比特幣（BTC）一直在努力超越84,000美元的抵抗力，現在隨著宏觀經濟不確定性和特朗普的貿易政策繼續削弱風險資產需求，GlassNode和Coinsglass的新數據顯示，現在的交易範圍在5,500美元之內。

Bitcoin price remains stagnant amid macro pressures and technical resistance.

在宏觀壓力和技術抵抗力的情況下，比特幣價格仍然停滯不前。

As of March 9, Bitcoin’s price has been consolidating between $78,599 and $84,000, according to Glassnode. This marks nearly three weeks of flat trading, which could be attributed to the increasing economic and geopolitical concerns that have been limiting Bitcoin’s upside momentum.

根據GlassNode的數據，截至3月9日，比特幣的價格已經在78,599美元至84,000美元之間匯總。這標誌著將近三個星期的持平交易，這可能歸因於經濟和地緣政治的日益嚴重的關注，這些問題一直在限制比特幣的上行勢頭。

The narrative of the Biden-Trump trade war has returned, with the potential tariffs on Mexico and Canada having an impact on investor sentiment.

Biden-Trump貿易戰的敘述已經恢復，對墨西哥和加拿大的潛在關稅對投資者的情緒產生了影響。

Moreover, global markets are still on edge due to inflation risks and the threat of retaliation from trading partners. Historically, Bitcoin has been a preferred asset class during periods of economic turmoil as traders seek out hard-to-counterfeit assets. However, the current macroeconomic headwinds have been decreasing risk appetite, especially for cryptocurrencies.

此外，由於通貨膨脹風險和貿易夥伴的報復威脅，全球市場仍然處於優勢。從歷史上看，隨著交易者尋求難以兌現的資產，比特幣一直是經濟動盪期間的首選資產類別。但是，當前的宏觀經濟逆風正在降低風險食慾，尤其是對於加密貨幣。

Coin heating up: Is BTC funding rate a good indicator of market sentiment?

硬幣加熱：BTC資金率是否是市場情緒的良好指標？

Bitcoin demand seen waning

比特幣需求看到了

Another interesting observation from Glassnode’s data is the decreasing activity in the short-term holder (1w-1m) cost basis. This suggests that traders holding coins for less than a month have been reducing their exposure to Bitcoin.

GlassNode數據的另一個有趣的觀察結果是，短期持有人（1W-1M）成本基礎的活動減少。這表明持有硬幣不到一個月的交易者正在減少對比特幣的接觸。

As of March 9, the 1w-1m cost basis stands at $76,400, while the 1m-3m cost basis is at $78,000. This indicates that there has been a net outflow of capital from this time frame.

截至3月9日，1W-1M的成本基礎為76,400美元，而1m-3m的成本為78,000美元。這表明從這個時間範圍起，資本淨流出。

The chart above shows the decreasing activity in the 1w-1m cost basis, which signifies a reduction in short-term holder exposure.

上圖顯示了1W-1M成本基礎的活動減少，這表明短期持有人的暴露量減少。

Earlier, crypto analytics firm Glassnode noted that the 1w-1m cost basis had been rapidly increasing during Bitcoin’s rally from the $48,000 low in November 2022. This rapid buildup signaled a strong influx of capital from new buyers, who were aggressively accumulating BTC in the lower price ranges.

早些時候，加密分析公司GlassNode指出，比特幣集會期間，1W-1M的成本基礎從2022年11月的48,000美元低點迅速增加。這種迅速的建築表明，新買家大量的資本湧入，他們在較低的價格範圍內積極積累了BTC。

However, the rate of change in the 1w-1m cost basis has now reversed, indicating that macro uncertainty has dampened demand, slowing down new inflows into the market.

但是，1W-1M成本基礎的變化率現在已經逆轉，這表明宏觀不確定性減弱了需求，減慢了新的流入市場。

The crypto analytics firm further stated that this suggests new buyers are now unable to absorb the sell-side pressure, ultimately shifting the market environment from post-ATH euphoria into a more cautious stage.

這家加密分析公司進一步表示，這表明新買家現在無法吸收賣方壓力，最終將市場環境從後的欣快感轉變為更加謹慎的階段。

Bitcoin futures funding rates remain neutral

比特幣期貨融資率保持中立

Another indicator of Bitcoin’s stagnation is the neutral funding rates on perpetual futures contracts. According to CoinsGlass, funding rates across major exchanges like Binance, OKEx, and FTX are still hovering close to the 0% mark.

比特幣停滯不前的另一個指標是永久期貨合約的中立融資率。根據Coinsglass的說法，諸如Binance，Okex和FTX等主要交易所的資金率仍然徘徊在接近0％的商標。

The chart above shows the funding rates on Binance, OKEx, and FTX for Bitcoin perpetual futures contracts.

上圖顯示了比特幣永久期貨合約的二元，Okex和FTX的資金率。

A positive funding rate indicates that traders are bullish and willing to pay a premium to keep their positions open, while a negative funding rate signals bearish sentiment. However, both extremes can also lead to increased liquidation risk.

正面的融資率表明，交易者是看好的，願意支付溢價以保持其頭寸開放，而負面的資金率表示看跌。但是，這兩個極端也可能導致清算風險增加。

In the case of Bitcoin, the funding rates have remained largely neutral over the past few weeks, which could signify that neither bulls nor bears have a clear upper hand.

就比特幣而言，在過去的幾周中，資金率在很大程度上保持中立，這可能表明公牛和熊都沒有明顯的巨大。

Without strong speculative activity from either side, it becomes more difficult for Bitcoin to sustain a breakout from its current consolidation phase.

沒有任何一側的強大投機活動，比特幣從目前的合併階段中維持突破變得更加困難。

What does technical analysis say?

技術分析怎麼說？

Bitcoin is currently facing strong technical resistance at key moving averages (MAs) as it tries to breakout from the $78,599-$84,000 range. On March 9, BTC fell below the 200-day simple moving average (SMA) at $83,736.

當前，比特幣在關鍵移動平均（MAS）方面面臨著強大的技術阻力，因為它試圖從$ 78,599- $ 84,000的範圍內進行突破。 3月9日，BTC低於200天簡單移動平均線（SMA）的價格為83,736美元。

The 200-day SMA has since rejected Bitcoin’s breakout attempts, keeping BTC within its current range. Another key technical indicator to watch is the 200-day exponential moving average (EMA), which is currently at $86,000.

此後，200天的SMA拒絕了比特幣的突破嘗試，將BTC保持在當前範圍內。要觀看的另一個關鍵技術指標是200天的指數移動平均線（EMA），目前為86,000美元。

According to crypto analyst Daan Crypto Trades, these indicators are crucial for determining the mid-to-long-term trend and overall market strength.

根據加密分析師Daan Crypto交易的說法，這些指標對於確定中期至長期趨勢和整體市場實力至關重要。

Without a decisive close above them, Bitcoin could remain range-bound for an extended period as traders await further signals.

如果沒有決定性的關閉，則隨著交易者在等待更多信號時，比特幣可能會長期存在。