比特幣減半後波動，等待市場催化劑

儘管減半後出現短暫反彈，但比特幣仍保持區間波動，顯示美國上市現貨比特幣 ETF 的正面壓力正在減弱。正如分析師指出的那樣，當前的橫向盤整與先前減半事件之後的歷史趨勢一致。減半和 ETF 需求下降並未對價格產生重大影響，促成了盤整格局。分析師預測，目前區間內將持續波動，如果突破 60,000 點支撐位或 67,500 點阻力位，價格可能會大幅波動。

Bitcoin Navigates Post-Halving Trading Range, Awaiting Market Catalyst

比特幣在減半後的交易區間中航行，等待市場催化劑

The cryptocurrency market remains in a state of flux, with Bitcoin (BTC), the leading digital asset, consolidating within a narrow range in the aftermath of its halving event. Over the past 24 hours, BTC has traded between $63,520 and $65,285, as investors cautiously await the next market-moving event.

加密貨幣市場仍處於不斷變化的狀態，領先的數位資產比特幣（BTC）在減半事件後窄幅盤整。過去 24 小時內，BTC 交易價格在 63,520 美元至 65,285 美元之間，投資者謹慎等待下一個市場走勢事件。

Outflows from U.S.-Listed Spot Bitcoin ETFs Hinder Price Momentum

美國上市現貨比特幣 ETF 資金流出阻礙價格動能

The sideways price action of Bitcoin coincides with declining demand from U.S.-listed spot Bitcoin exchange-traded funds (ETFs). Fidelity's FBTC experienced its first day of outflows on Thursday, amounting to $22.6 million, while BlackRock's IBIT has recorded consecutive days of net neutral flows, according to data from Farside.

比特幣的橫向價格走勢與美國上市的現貨比特幣交易所交易基金（ETF）的需求下降同時發生。根據 Farside 的數據，富達 (Fidelity) 的 FBTC 週四出現首日資金流出，金額達 2260 萬美元，而貝萊德 (BlackRock) 的 IBIT 則連續多日錄得淨中性資金流。

The diminished positive pressure from ETFs has contributed to the consolidation of Bitcoin's price over the past two months. "This week's crypto market continues to drift bearish," said Rachel Lin, co-founder and CEO of SynFutures. "The bears have sold into the strong bounce back we saw earlier in the week, indicating that the much-anticipated Bitcoin halving has had no significant impact on the price action."

過去兩個月，ETF 正面壓力的減弱推動了比特幣價格的整合。 SynFutures 聯合創始人兼首席執行官 Rachel Lin 表示：“本週的加密貨幣市場繼續看跌。” “空頭已經在本週早些時候看到的強勁反彈中拋售，這表明備受期待的比特幣減半並未對價格走勢產生重大影響。”

Analysts Observe Historical Patterns, Project Bullish Outlook

分析師觀察歷史模式，預期前景看漲

Despite the current lull in momentum, some analysts believe that Bitcoin is merely undergoing a consolidation phase before embarking on a more aggressive bull run. "The weeks after the halving will see a sideways or declining trend until BTC breaches the prior high, which currently stands at 73,600," said Lin. "Nearest support continues to remain at the 60,000 level."

儘管目前勢頭平淡，但一些分析師認為，比特幣只是在經歷鞏固階段，然後才開始更激進的多頭市場。 Lin 表示：“減半後的幾週將出現橫盤或下降趨勢，直到 BTC 突破之前的高點（目前為 73,600 點）。” “最近的支撐位繼續保持在 60,000 點水平。”

Market analyst TradingShot echoed this sentiment, stating that Bitcoin's recent price action resembles historical patterns. "Bitcoin has successfully tested and held the Mayer Multiple (MM) Mean and is now consolidating," said TradingShot. "This is the point where historically the most aggressive part of the Bull Cycle begins."

市場分析師 TradingShot 呼應了這種觀點，表示比特幣最近的價格走勢類似於歷史模式。 TradingShot 表示：“比特幣已成功測試並保持了梅耶多重 (MM) 均值，目前正在盤整中。” “從歷史上看，這是牛市週期中最具侵略性的部分開始的時刻。”

基于斐波那契扩展原理，TradingShot大胆预测本周期比特币高点可能达到300,000美元。

基於斐波那契擴展原理，TradingShot大膽預測本週期比特幣高點可能達到30萬美元。

Broader Crypto Market Developments

更廣泛的加密市場發展

While Bitcoin's price action has taken center stage, the broader crypto market has witnessed a mix of developments. "We received positive news about the crypto ETF approval in Hong Kong, which will likely start trading on April 30," said Lin. "On the other hand, in the U.S., federal authorities have arrested the two co-founders of the Samourai wallet, a Bitcoin wallet service, on money laundering charges."

儘管比特幣的價格走勢已成為焦點，但更廣泛的加密貨幣市場卻出現了多種發展。 Lin 表示：“我們收到了有關加密 ETF 在香港獲得批准的積極消息，該 ETF 可能會在 4 月 30 日開始交易。” “另一方面，在美國，聯邦當局以洗錢罪名逮捕了比特幣錢包服務 Samourai wallet 的兩位聯合創始人。”

Macroeconomic Factors and Market Volatility

宏觀經濟因素與市場波動

The crypto market remains susceptible to macroeconomic factors, and investors will be closely watching the release of significant U.S. economic data on Thursday and Friday. The GDP growth rate on Thursday came in below expectations, and the CPE Price Index is expected on Friday. How US equities react to these data will, in turn, impact the crypto market.

加密市場仍然容易受到宏觀經濟因素的影響，投資者將密切關注週四和週五公佈的美國重要經濟數據。週四的 GDP 成長率低於預期，週五的 CPE 物價指數預計。美國股市對這些數據的反應反過來將影響加密貨幣市場。

Lin anticipates Bitcoin's price action to remain volatile while ranging sideways in the near term. "Currently, 60,000 and 67,500 remain the two important levels to watch. A break of either will give us a clearer picture of what to expect next," she concluded.

林預計比特幣的價格走勢將在短期內保持波動，同時橫盤整理。 「目前，60,000 和 67,500 仍然是值得關注的兩個重要水平。突破其中任何一個都將使我們更清楚地了解接下來會發生什麼，」她總結道。

Conclusion

結論

The post-halving trading environment for Bitcoin remains uncertain, with investors awaiting a clear market catalyst. Outflows from U.S.-listed spot Bitcoin ETFs have dampened price momentum, while analysts observe historical patterns that suggest the potential for a more aggressive bull run. The broader crypto market is experiencing mixed developments, and macroeconomic factors continue to exert influence. Investors are advised to exercise caution while monitoring the situation closely.

比特幣減半後的交易環境仍不確定，投資者等待明確的市場催化劑。美國上市現貨比特幣 ETF 的資金流出削弱了價格勢頭，而分析師觀察到的歷史模式表明，可能會出現更激進的牛市。更廣泛的加密市場正在經歷複雜的發展，宏觀經濟因素繼續發揮影響力。建議投資人謹慎行事，密切注意事態發展。