在宏觀經濟不確定性的情況下，比特幣的面孔繼續下降

比特幣的下降反映了傳統股票市場的損失。標準普爾500指數本月下降了6％以上

Bitcoin's price has started the week on a downward trajectory, falling by 1.33% over the past 24 hours to reach $82,000. This marks a continuation of the weeklong downtrend, with the asset losing more than 5% in the last 7 days.

比特幣的價格已經開始了一周的下降軌跡，在過去的24小時內下降了1.33％，達到82,000美元。這標誌著為期一周的下降趨勢的延續，在過去的7天中，資產損失了5％以上。

The flagship cryptocurrency has faced a cascade of liquidations across the crypto market, largely driven by macroeconomic pressures and uncertainty around tariffs.

旗艦加密貨幣在加密貨幣市場上面臨著一系列清算，這在很大程度上是在關稅周圍的宏觀經濟壓力和不確定性的推動下。

Bitcoin's decline closely follows losses observed in traditional equity markets. The S&P 500 has seen a decrease of over 6% this month, while the Nasdaq faced a smaller drop of 4.7%, respectively.

比特幣的下降緊隨傳統股票市場中觀察到的損失。標準普爾500指數的本月下降了6％以上，而納斯達克卻面臨較小的4.7％下降。

However, despite the recent sell-off, Bitcoin's long-term narrative remains positive for many, especially considering the massive losses in the first quarter, which saw a 13% decline.

但是，儘管最近拋售了，但比特幣的長期敘述仍然對許多人來說仍然是積極的，尤其是考慮到第一季度的巨大損失，下降了13％。

Bitcoin Faces Continued Decline Amid Macroeconomic Uncertainty

在宏觀經濟不確定性的情況下，比特幣的面孔繼續下降

Bitcoin’s price has started this week in the red, with BTC falling by 1.33% over the past 24 hours to reach $82,000. This marks a continuation of the weeklong downtrend, with the asset losing more than 5% in the last 7 days, triggering a cascade of liquidations across the crypto market.

比特幣的價格已於本週開始，在過去的24小時內，BTC下降了1.33％，達到82,000美元。這標誌著為期一周的下降趨勢的延續，資產在過去7天內損失了5％以上，引發了整個加密貨幣市場的一系列清算。

The macroeconomic pressures and uncertainty around tariffs have contributed to a growing sense of unease in both traditional and digital financial markets. Investors are particularly attentive as former President Donald Trump prepares to announce his “Liberation Day” on April 2, which is expected to include sweeping “reciprocal tariffs.” These tariffs, designed to retaliate against foreign trade practices, are fueling fears of escalating trade tensions and contributing to market derisking, a trend where investors reduce exposure to riskier assets, including Bitcoin.

關稅的宏觀經濟壓力和不確定性導致了傳統和數字金融市場的不安感。由於前總統唐納德·特朗普（Donald Trump）準備在4月2日宣布他的“解放日”，預計將包括全面的“相互關稅”。這些關稅旨在對外貿行為進行報復，這加劇了人們擔心貿易緊張局勢並導致市場貶值的擔憂，在這種趨勢中，投資者減少了包括比特幣在內的風險較高的資產。

Further negative macroeconomic signals add to the market’s unease. Last week, Core PCE data pointed to higher-than-expected inflation, adding to the already existing pressure on the global economy. Consumer confidence, a key economic indicator, fell to its lowest level in over a decade, signaling widespread unease among the public. Moreover, Goldman Sachs has raised its recession forecast from 20% to 35%, citing heightened geopolitical risks and growing economic instability.

進一步的負宏觀經濟信號增加了市場的不安。上週，核心PCE數據指出，通貨膨脹率高於預期，這增加了對全球經濟的現有壓力。消費者的信心是一個關鍵的經濟指標，在十年來的最低水平上降至公眾中普遍不安。此外，高盛（Goldman Sachs）的衰退預測從20％提高到35％，理由是地緣政治風險增加並增加了經濟不穩定。

The combination of macroeconomic stress, heightened geopolitical risks, and a growing sense of caution in the financial markets paints a bleak outlook for BTC and other risk assets in the short term. While Bitcoin’s long-term narrative remains strong for many, its correlation with traditional markets during times of uncertainty suggests that further volatility may be ahead.

宏觀經濟壓力，增強的地緣政治風險以及金融市場上越來越謹慎的感覺在短期內使BTC和其他風險資產的前景變得黯淡。儘管比特幣的長期敘事對於許多人來說仍然很強，但在不確定性時期，它與傳統市場的相關性表明可能進一步波動。

As investors continue to react to the ongoing uncertainty, Bitcoin’s ability to regain momentum may depend on the resolution of some of these macroeconomic challenges. Given the 13% loss in the first quarter and with macroeconomic pressures continuing to mount, the next few weeks will be crucial in determining Bitcoin’s trajectory. The focus will likely remain on the upcoming tariffs and inflation data, with investors on edge as they weigh the risk of further downturns or potential rebounds.

隨著投資者繼續對持續的不確定性做出反應，比特幣恢復動量的能力可能取決於解決其中一些宏觀經濟挑戰的能力。鑑於第一季度的損失13％，並且宏觀經濟壓力繼續持續增加，接下來的幾週對於確定比特幣的軌跡至關重要。將重點放在即將到來的關稅和通貨膨脹數據上，因為投資者權衡了進一步低迷或潛在反彈的風險。