比特幣減半迫在眉睫：市場在供應減少前為波動做好準備

隨著比特幣減半的臨近，加密貨幣社群預計潛在的價格波動。從歷史上看，減半會影響價格，比特幣反彈通常與這些事件同時發生。然而，在減半前八天，比特幣現金（BCH）發出警告，敦促交易者重新評估對減半後價格立即飆升的預期。據演算法交易公司 Wintermute 稱，BCH 被用作即將到來的 BTC 減半的指標，這表明比特幣在 4 月 20 日之後可能會面臨拋售壓力。

Bitcoin Halving Approaches: Market Braces for Price Fluctuations

比特幣減半將近：市場為價格波動做好準備

As the highly anticipated Bitcoin halving event draws near, the cryptocurrency community eagerly awaits potential price movements. Historically, halvings have had a profound impact on Bitcoin's value, often coinciding with rallies in its price.

隨著備受期待的比特幣減半事件的臨近，加密貨幣社群熱切等待潛在的價格走勢。從歷史上看，減半對比特幣的價值產生了深遠的影響，通常與比特幣價格的上漲同時發生。

However, in a recent alert, Bitcoin Cash (BCH) issued a cautionary note, urging traders to temper their expectations for an immediate price surge post-halving. According to algorithmic trading firm Wintermute, BCH is being used as a proxy for the impending BTC halving. This suggests that the largest cryptocurrency by market capitalization could face selling pressure after April 20.

然而，在最近的警報中，比特幣現金（BCH）發出了警告，敦促交易者降低對減半後價格立即飆升的預期。根據演算法交易公司 Wintermute 的說法，BCH 被用作即將到來的 BTC 減半的代表。這表明市值最大的加密貨幣可能在 4 月 20 日之後面臨拋售壓力。

"In the last month, fast money has been seen in BCH – potentially trading the coin as a proxy for the upcoming Bitcoin halving; an interesting movement in financing rates, as locals currently trade cash," Wintermute noted.

Wintermute 指出：「上個月，BCH 出現了快錢現象——有可能將這種貨幣交易為即將到來的比特幣減半的代表；融資利率發生了有趣的變化，因為當地人目前正在交易現金。 」

The Bitcoin halving process involves the periodic reduction of the reward received by cryptocurrency miners. Market optimism and anticipation of reduced supply amidst growing demand tend to drive price appreciation. However, it is essential to acknowledge that historical performance does not guarantee future results, and numerous factors beyond the halving influence Bitcoin's price.

比特幣減半過程涉及加密貨幣礦工獲得的獎勵的定期減少。市場樂觀情緒以及需求成長期間供應減少的預期往往會推動價格上漲。然而，必須承認歷史表現並不能保證未來的結果，減半以外的許多因素都會影響比特幣的價格。

At the time of writing, Bitcoin was trading at $67,565.15, down by 3.5% in the past 24 hours.

截至撰寫本文時，比特幣交易價格為 67,565.15 美元，過去 24 小時內下跌 3.5%。

Market Experts Issue Pre-Halving Caution

市場專家發出減半前的警告

Renowned crypto analyst Rekt Capital has raised concerns about a potential pre-halving retracement. Despite the current market euphoria, Rekt Capital asserts that a correction phase is imminent, mirroring patterns observed in previous pre-halving cycles.

著名加密貨幣分析師 Rekt Capital 對潛在的減半前回檔表示擔憂。儘管目前市場一片欣欣向榮，但 Rekt Capital 斷言，調整階段即將到來，這反映了先前減半週期中觀察到的模式。

"Bitcoin is about to enter the so-called 'Danger Zone,' a period that precedes halvings historically and tends to embody price corrections," Rekt Capital explained.

Rekt Capital 解釋說：“比特幣即將進入所謂的‘危險區’，這是歷史上減半之前的一段時期，並且往往會體現價格調整。”

Based on historical data, the analyst predicts that Bitcoin could experience significant pullbacks 14 to 28 days before the halving event. The analyst's analysis highlights that Bitcoin is approaching this "Danger Zone."

根據歷史數據，分析師預測比特幣可能會在減半事件前 14 至 28 天大幅回檔。分析師的分析強調，比特幣正在接近這個「危險區」。

Historical Context and Market Dynamics

歷史背景與市場動態

Historically, Bitcoin halvings have triggered significant price movements. However, these rallies have not been immediate. In the 2012 halving, Bitcoin's price took several months to reach its peak. In 2016, the halving was followed by a sustained bull market that reached its peak in 2017.

從歷史上看，比特幣減半引發了重大的價格波動。然而，這些反彈並不是立即發生的。 2012年減半時，比特幣的價格花了幾個月的時間才達到高峰。 2016年，減半之後是持續的牛市，並於2017年達到高峰。

The upcoming halving takes place amidst a rapidly evolving cryptocurrency landscape. The emergence of institutional investors, the rise of decentralized finance (DeFi), and the growing acceptance of cryptocurrencies by mainstream businesses have all contributed to the recent market rally.

即將到來的減半發生在快速發展的加密貨幣環境中。機構投資者的出現、去中心化金融（DeFi）的興起以及主流企業對加密貨幣的接受程度不斷提高，都促成了近期市場的上漲。

Market Sentiment and Expectations

市場情緒和預期

Despite the pre-halving caution, market sentiment remains bullish. Many analysts believe that the halving will reinforce the long-term scarcity of Bitcoin, driving up its value. Others believe that the market has already priced in the halving event and that the price may remain stable or even decline.

儘管減半前持謹慎態度，但市場情緒仍看漲。許多分析師認為，減半將加劇比特幣的長期稀缺性，並推高其價值。也有人認為，市場已經消化了減半事件的影響，價格可能保持穩定甚至下跌。

The upcoming halving is a pivotal event for Bitcoin and the broader cryptocurrency ecosystem. While the event is not a guarantee of immediate price appreciation, it is a reminder of the underlying dynamics that have driven Bitcoin's growth and adoption. As the cryptocurrency community eagerly awaits the halving, it is important to approach the event with a balanced understanding of both the potential upsides and the potential risks involved.

即將到來的減半對於比特幣和更廣泛的加密貨幣生態系統來說是一個關鍵事件。雖然這一事件並不能保證價格立即升值，但它提醒人們推動比特幣成長和採用的潛在動力。由於加密貨幣社區熱切等待減半，因此重要的是要對潛在的好處和所涉及的潛在風險有一個平衡的理解。