比特幣回檔是否會延續？

Is Bitcoin's Correction Poised to Continue?

比特幣的調整是否會繼續？

The cryptocurrency landscape has been abuzz with Bitcoin's recent price gyrations. After reaching an all-time high of $73,750, BTC has shed over 17.5%, seeking solace at $60,000. As the digital asset grapples to regain its footing from this psychological level, market observers anticipate further downward pressure in the coming week.

加密貨幣領域因比特幣最近的價格波動而熱鬧非凡。在觸及 73,750 美元的歷史高點後，BTC 已下跌超過 17.5%，在 60,000 美元處尋求安慰。隨著數位資產努力從這一心理水平重新站穩腳跟，市場觀察家預計未來一周將面臨進一步的下行壓力。

Will Demand at $60K Cushion the Fall?

6 萬美元的需求會緩衝下跌嗎？

Bitcoin's rollercoaster ride in March has been a tale of two halves. The first half sparked optimism with record highs, while the latter half has hinted at a substantial correction. Currently trading at $65,115, BTC has found support at the confluence of $60,000 and the 38.2% Fibonacci retracement level.

比特幣三月的雲霄飛車之旅分為兩半。上半年引發樂觀情緒創歷史新高，下半年則暗示大幅調整。 BTC 目前交易價格為 65,115 美元，在 60,000 美元和 38.2% 斐波那契回檔位的匯合處找到了支撐。

While this newfound support provides a lifeline for buyers seeking a recovery, the increasing outflow from Bitcoin ETFs is exacerbating supply pressure. On March 22, Bitcoin spot ETFs witnessed a total net outflow of $51.6 million, with Grayscale's GBTC experiencing a significant single-day net outflow of $169 million.

雖然這種新的支持為尋求復甦的買家提供了生命線，但比特幣 ETF 的資金外流不斷增加正在加劇供應壓力。 3 月 22 日，比特幣現貨 ETF 淨流出總額為 5,160 萬美元，其中 Grayscale 旗下的 GBTC 單日大幅淨流出 1.69 億美元。

If this supply pressure persists, BTC could breach the $60,000 mark and seek solace at the next support level of $56,250, marking the 50% retracement level. This retracement phase is considered healthy and allows for the replenishment of bullish momentum.

如果這種供應壓力持續存在，BTC 可能會突破 60,000 美元大關，並在下一個支撐位 56,250 美元（50% 回檔位）尋求安慰。這一回調階段被認為是健康的，可以補充看漲勢頭。

However, if buyers can maintain control above these crucial support levels, BTC could rebound with vigor in the coming weeks, setting its sights on surpassing the $73,750 peak.

然而，如果買家能夠將控制力維持在這些關鍵支撐位之上，比特幣可能會在未來幾週內強勁反彈，預計將突破 73,750 美元的峰值。

Dormant Bitcoin Tokens Awaken, Sparking Volatility

休眠的比特幣代幣被喚醒，引發波動

Bitcoin's trading dynamics have recently undergone a significant shift. A notable activation of dormant Bitcoin tokens has been observed, marking the largest such movement in the past two years. This indicator is widely regarded as a harbinger of impending market fluctuations, as long-dormant coins can disrupt the market's supply-demand balance and trigger increased trading volatility.

比特幣的交易動態最近發生了重大轉變。觀察到休眠的比特幣代幣顯著激活，這是過去兩年來最大規模的此類活動。該指標被廣泛認為是即將到來的市場波動的預兆，因為長期休眠的代幣可能會破壞市場的供需平衡並引發交易波動加劇。

The uncertain price behavior often invites a bearish perspective and could lead to Bitcoin correcting below $56,250. Losing this support could signal an extended correction or sideways trading for the coming month.

不確定的價格行為通常會引發看跌觀點，並可能導致比特幣回調至 56,250 美元以下。失去這項支撐可能預示著下個月將出現長期調整或橫盤交易。

Technical Indicators Offer Insights

技術指標提供見解

• Exponential Moving Average (EMA): BTC's price remains above both the 100-day and 200-day EMA, suggesting that the long-term trend remains bullish.
• Vortex Indicator: A bearish crossover between the VI+ (blue) and VI- (pink) slopes indicates that sellers are gaining momentum in the market.

指數移動平均線 (EMA)：BTC 的價格仍然高於 100 日和 200 日 EMA，表明長期趨勢仍然看漲。渦旋指標：VI+（藍色）和 VI-（粉紅色）之間的看跌交叉斜率表明賣家正在市場上獲得動力。