減半後比特幣市場過山車，迎來整合階段

減半後，比特幣市場經歷了一段波動的旅程，最初達到 64,000 美元，然後跌破 57,000 美元。分析師預計價格將在 10,000 美元範圍內波動，進入整合階段，而一些人則主張在比特幣的主導地位日益增強的情況下投資山寨幣。

Bitcoin Market Embarks on Post-Halving Volatility, Charting a Path of Consolidation

比特幣市場迎來減半後的波動，繪製出整合之路

As the digital currency realm navigates the aftermath of Bitcoin's halving event, a tale of highs and lows has unfolded, leaving analysts grappling with the cryptocurrency's next move.

隨著數位貨幣領域經歷比特幣減半事件的餘波，一個起起落落的故事已經展開，讓分析師們努力思考加密貨幣的下一步。

Bitcoin's surge to $64,000 on halving day marked a momentary triumph, followed by a brief flirtation with $67,000. However, the cryptocurrency's ascent proved fleeting, and it gradually descended, slipping below $57,000 by May 1st. Currently hovering around $57,362, Bitcoin exhibits a 7% dip over 24 hours and a substantial 17% decline over the past month, suggesting a phase of volatile consolidation in the near future.

比特幣在減半日飆升至 64,000 美元，標誌著短暫的勝利，隨後短暫觸及 67,000 美元。然而，事實證明，這種加密貨幣的上漲轉瞬即逝，並逐漸下跌，到 5 月 1 日跌破 57,000 美元。目前，比特幣徘徊在 57,362 美元附近，24 小時內下跌 7%，過去一個月大幅下跌 17%，顯示不久的將來會出現波動性盤整階段。

Bitfinex Analysts Predict Range-Bound Trajectory

Bitfinex 分析師預測區間軌跡

In a recent analysis, Bitfinex analysts envision Bitcoin oscillating within a price range, with fluctuations of up to $10,000 on either side. This trend, they posit, stems from investors' heightened risk appetite, particularly towards alternative cryptocurrencies in the wake of the halving. The analysts anticipate that the full impact of Bitcoin's reduced supply on its price will manifest in the coming months, especially if economic conditions show signs of improvement.

在最近的一項分析中，Bitfinex 分析師預計比特幣將在一個價格範圍內波動，兩邊的波動最高可達 10,000 美元。他們認為，這種趨勢源自於投資人風險偏好的提高，尤其是減半後對替代加密貨幣的偏好。分析師預計，比特幣供應減少對其價格的全面影響將在未來幾個月內顯現出來，特別是如果經濟狀況出現改善跡象的話。

Altcoins Gaining Traction

山寨幣獲得關注

Contrary to traditional investment strategies, some analysts advocate for a shift in focus towards altcoins, contending that they offer more lucrative returns in the current climate. Market dominance for Bitcoin is waning, with attention increasingly flowing towards altcoins, particularly Ether (ETH), which has consistently outperformed Bitcoin in gains. This tilt mirrors previous post-Bitcoin halving patterns, as investors seek potentially more rewarding opportunities amid reduced supply growth.

與傳統的投資策略相反，一些分析師主張將重點轉向山寨幣，認為它們在當前環境下提供更豐厚的回報。比特幣的市場主導地位正在減弱，人們的注意力越來越多地流向山寨幣，尤其是以太幣（ETH），其漲幅一直優於比特幣。這種傾斜反映了先前比特幣減半後的模式，因為投資者在供應成長減少的情況下尋求潛在的更有價值的機會。

Factors Shaping Bitcoin Consolidation

影響比特幣整合的因素

On-chain analysis reveals a gradual "de-leveraging" across Bitcoin futures since mid-March's all-time highs, contributing to Bitcoin's consolidation phase. The recent price drop, as observed by prominent economist Alan Greenspan, was somewhat expected given the downturn in the stock market and broader economic headwinds. Some analysts had forecast this decline after Bitcoin's fourth halving, with JPMorgan even predicting a potential drop as low as $42,000 in March 2024.

鏈上分析顯示，自 3 月中旬創下歷史新高以來，比特幣期貨逐漸“去槓桿化”，從而促成​​了比特幣的盤整階段。正如著名經濟學家艾倫·格林斯潘所觀察到的，鑑於股市低迷和更廣泛的經濟逆風，最近的價格下跌在一定程度上是意料之中的。一些分析師曾預測比特幣第四次減半後會出現這種下跌，摩根大通甚至預測 2024 年 3 月可能會跌至 42,000 美元。

Industry Experts Weigh In

行業專家參與討論

Markus Thielen, CEO of 10x Research, suggests Bitcoin may fall further to $52,000, citing a slowdown in funds flowing into Bitcoin exchange-traded funds (ETFs) as a primary reason for the recent rally's slowdown.

10x Research 執行長 Markus Thielen 表示，比特幣可能會進一步跌至 52,000 美元，並表示流入比特幣交易所交易基金 (ETF) 的資金放緩是近期漲勢放緩的主要原因。

Investment Implications

投資影響

Analysts and industry experts offer varying perspectives on Bitcoin's trajectory and the implications for investment strategies. Some advocate for a cautious approach, anticipating further price fluctuations, while others urge investors to "buy the dip" in anticipation of a potential rally.

分析師和產業專家對比特幣的發展軌跡及其對投資策略的影響提出了不同的觀點。有些人主張採取謹慎態度，預計價格將進一步波動，而另一些人則敦促投資者“逢低買入”，因為預計價格可能會上漲。

As the cryptocurrency market continues to navigate the post-halving environment, investors must carefully consider their investment strategies, weighing the insights and predictions of analysts against their own risk tolerance and financial goals.

隨著加密貨幣市場繼續在減半後的環境中航行，投資者必須仔細考慮自己的投資策略，權衡分析師的見解和預測與自己的風險承受能力和財務目標。