比特幣短暫飆升至90,00美元，在3月5日至3月6日之間獲得了6.8％的收益，在由於宏觀經濟問題而逆轉之前。

比特幣最近賺取95,000美元的嘗試是短暫的，因為宏觀經濟和地緣政治逆風在達到90,00美元後迫使價格逆轉。

Bitcoin briefly touched $92,000 on Monday, gaining 6.8% between March 5 and 6, before reversing due to macroeconomic concerns and a potential shift in institutional risk appetite. The S&P 500 volatility index (VIX) hit its highest level in 11 weeks, signaling increased risk aversion.

比特幣在周一短暫觸及了92,000美元，在3月5日至6日之間獲得了6.8％的收入，然後由於宏觀經濟問題和機構風險食慾的潛在轉變而逆轉。標準普爾500指數（VIX）在11週內達到了其最高水平，這表明風險規避增加。

Bitcoin's attempt to break above $95,000 was ultimately unsuccessful, as several factors forced a reversal in momentum after hitting $92,000.

比特幣試圖超過$ 95,000的嘗試最終失敗了，因為幾個因素在達到92,000美元後迫使勢頭逆轉。

Recession fears and the Federal Reserve's cautionary stance dampened market sentiment. Philadelphia Federal Reserve President Patrick Harker warned of increasing stress on the consumer sector, especially among lower-income groups.

經濟衰退的恐懼和美聯儲的警示立場削弱了市場情緒。費城美聯儲總裁帕特里克·哈克（Patrick Harker）警告說，對消費部門的壓力增加了，尤其是在低收入群體中。

While Harker suggested that price pressures are retreating, he did not project economic strength, which could limit Bitcoin's upside in the coming months.

哈克（Harker）建議價格壓力正在撤退，但他沒有投射經濟實力，這可能會限制在未來幾個月內比特幣的上升空間。

The VIX reached 24, its highest since early November, indicating heightened risk aversion among institutional investors. As a result, traders are shifting to cash and cash-equivalents, anticipating potential rate cuts but also bracing for economic downturn risks.

VIX達到了24人，這是11月初以來最高的，表明機構投資者的風險規避增強。結果，貿易商正在轉移到現金和現金等值，預計潛在的降低速度，但也為經濟低迷的風險做好準備。

The S&P 500 dropped 1.3 percent, which also triggered Bitcoin's reversal as institutional risk appetite declined.

標準普爾500指數下降了1.3％，這也引發了比特幣的逆轉，因為機構風險的胃口下降。

Bitcoin has historically struggled during economic slowdowns as traders tend to hedge against uncertainty by exiting speculative assets and shifting towards the U.S. dollar or other safe-haven investments.

歷史上，比特幣在經濟放緩期間一直在掙扎，因為交易者傾向於通過退出投機資產並轉移到美元或其他安全投資來抵制不確定性。

Bitcoin faces several headwinds that could stall its recovery in the short term. The Ukraine conflict and tariff disputes have driven higher market volatility.

比特幣面臨的幾個逆風可能會在短期內停止恢復。烏克蘭衝突和關稅糾紛導致了更高的市場波動。

Bitcoin has underperformed in past high-volatility periods, as risk-averse investors retreat from speculative assets and institutions prefer to hold low-volatility assets such as bonds.

比特幣在過去的高揮發率期間表現不佳，因為規避風險的投資者從投機性資產中撤退，而機構更喜歡持有低揮發性資產，例如債券。

A prolonged escalation in global tensions could further delay Bitcoin's breakout above the $95,000 resistance.

全球緊張局勢的延長升級可能會進一步將比特幣的突破超過95,000美元的阻力。

Increased uncertainty forces investors to de-risk portfolios, ultimately placing a ceiling on Bitcoin's upside in the short term.

不確定性的增加迫使投資者進入脫離風險投資組合，最終在短期內將天花板放在比特幣的上行空間上。

Investors are awaiting clarity from the March 7 Crypto Summit, which could influence Bitcoin's long-term policy outlook.

投資者正在等待3月7日加密峰會的清晰度，這可能會影響比特幣的長期政策前景。

If the U.S. government simply halts Bitcoin sales from administrative seizures, it could disappoint investors who are hoping for a more aggressive pro-crypto stance from the Trump administration.

如果美國政府只是阻止比特幣銷售從行政發作中銷售，那麼它可能會讓那些希望從特朗普政府採取更具侵略性的親克萊普特立場的投資者感到失望。

If the reserve proposal hinges on Congressional approval, the market may reassess Bitcoin's potential upside, awaiting regulatory clarity to determine if a crypto ETF could be approved.

如果儲備提案取決於國會批准，那麼市場可能會重新評估比特幣的潛在上漲空間，等待監管性的清晰度，以確定是否可以批准加密ETF。

The market needs a decisive pro-Bitcoin stance from the U.S. government to fully support a continuation of the rally and unlock further upside for Bitcoin.

市場需要從美國政府做出決定性的親甲幣立場，以充分支持集會的延續，並解鎖比特幣的進一步上漲空間。

However, despite these challenges, global monetary policy trends could ultimately benefit Bitcoin.

但是，儘管面臨這些挑戰，但全球貨幣政策趨勢最終可能會使比特幣受益。

China has signaled more room for fiscal stimulus in the coming months, while the European Central Bank is shifting toward less restrictive policies to support the eurozone economy.

在未來幾個月中，中國標誌著財政刺激的空間，而歐洲中央銀行則朝著支持歐元區經濟的限制性較小的政策轉移。

Bitcoin has historically thrived in liquidity expansion cycles, with Lyn Alden's research showing a strong 83 percent correlation between Bitcoin and global liquidity trends over the past decade.

從歷史上看，比特幣在流動性擴張周期中蓬勃發展，林恩·奧爾登（Lyn Alden）的研究表明，在過去十年中，比特幣與全球流動性趨勢之間的相關性持續了83％。

If monetary easing accelerates, Bitcoin could regain its bullish trend as liquidity injections push investors toward hard assets and speculative investments.

如果貨幣緩解加速，比特幣可以重新獲得其看漲趨勢，因為流動性注射將投資者推向艱苦的資產和投機性投資。

Key Levels to Watch

觀看的關鍵水平

$95,000 Resistance: Bitcoin needs a reduction in macro uncertainty and a decisive move above $95,000 to signal a continuation of the rally.

95,000美元的電阻：比特幣需要減少宏觀不確定性，而決定性的舉動超過$ 95,000，以表明延續集會。

Crypto Summit Outcome: Clearer policy direction from the Trump administration could trigger a reassessment of Bitcoin's potential in the coming months.

加密峰會的結果：特朗普政府更明確的政策方向可能會引發未來幾個月比特幣潛力的重新評估。

Global Liquidity Trends: If monetary easing accelerates, we could see renewed upside momentum in Bitcoin.

全球流動性趨勢：如果貨幣降低加速，我們可以看到比特幣的上升勢頭。