隨著比特幣像宏觀經濟風暴中的船一樣搖擺，$ 84,000的門檻成為阻力的象徵。

3月28日發布的美國個人消費支出（PCE）的最新數據向市場欣喜地註入了一系列鮮明的現實主義。

The latest Personal Consumption Expenditures (PCE) data from the U.S., published on Tuesday, March 28, injected a stark dose of realism into the market euphoria.

3月28日星期二發布的美國最新個人消費支出（PCE）數據將現實主義的鮮明劑量注入了市場欣快。

As Bitcoin shivers like a ship in a macroeconomic storm, the threshold of $84,000 becomes a symbol of resistance.

隨著比特幣像宏觀經濟風暴中的船一樣發抖，$ 84,000的門檻成為抵抗的象徵。

PCE: A blow to crypto optimism

PCE：對加密樂觀的打擊

Despite declining inflation in the euro zone, the PCE figures for February in the United States had the effect of a cold wake-up call.

儘管歐元區的通貨膨脹率下降，但2月在美國的PCE數字卻發出了冷喚醒的影響。

Market expectations were met, with a monthly inflation rate of 0.3% and an annual increase of 2.5%.

滿足市場預期，每月通貨膨脹率為0.3％，每年增加2.5％。

But the devil is in the details: the core PCE, the Fed’s preferred indicator, exceeded forecasts by 0.1% on both scales. A subtle push, but enough to reignite fears of prolonged tightening.

但是魔鬼在細節中：核心PCE是美聯儲的首選指標，在兩個尺度上都超過了0.1％的預測。一個微妙的推動力，但足以重新激發人們對長時間收緊的恐懼。

“Underlying inflation is rising again,” alerts The Kobeissi Letter on X.

“潛在通貨膨脹又上升了，” X上的Kobeissi信提醒。

Worse still: January’s data has been revised upwards, tracing a worrying trajectory.

更糟糕的是：一月份的數據已被修改為向上修改，追踪了令人擔憂的軌跡。

Some analysts even mention a stagflation scenario for 2025, a toxic mix of economic stagnation and rising prices.

一些分析師甚至提到了2025年的停滯狀況，這是經濟停滯和價格上漲的有毒混合。

A context where Bitcoin, often seen as an anti-inflationary shield, appears paradoxically vulnerable.

比特幣通常被視為反向發射屏蔽的上下文似乎在矛盾的是脆弱的情況下。

The PCE numbers come at a time when the market is already battered by macroeconomic headwinds.

PCE數字是在市場已經受到宏觀經濟逆風襲擊的時候。

The market reaction was immediate. BTC/USD plunged below $84,500 on Bitstamp, its lowest level in a week.

市場反應是立即的。 BTC/USD在Bitstamp上的價格低於84,500美元，這是一周內的最低水平。

A 3% drop in just a few hours, reminding that cryptocurrencies do not sail outside of economic realities.

在短短幾個小時內下降了3％，提醒加密貨幣不會在經濟現實之外航行。

For investors, the message is clear: the Fed may delay its rate cuts, extending the liquidity winter.

對於投資者而言，信息很明確：美聯儲可能會推遲其降低稅率，從而擴大流動性冬季。

$84,000: A high-risk psychological support for Bitcoin

$ 84,000：對比特幣的高風險心理支持

In this uncertain landscape, the threshold of $84,000 becomes a front line.

在這種不確定的景觀中，$ 84,000的門檻成為前線。

Michaël van de Poppe, a renowned analyst, summarizes the stakes:

著名分析師MichaëlVande Poppe總結了賭注：

“If it breaks below $84,000, a test of $78,000–80,000 is likely.”

“如果打破84,000美元以下，則可能需要$ 78,000–80,000的測試。”

A scenario that would plunge Bitcoin back to its February lows, erasing weeks of consolidation.

一種將比特幣倒入2月低點的情況，刪除了數週的合併。

Yet, not everyone sees the glass as half empty.

但是，並不是每個人都把玻璃杯視為一半空。

For Daan Crypto Trades, this volatility is typical of a cooling market.

對於Daan加密交易，這種波動率是冷卻市場的典型特徵。

The RSI (Relative Strength Index) on the 12-hour charts indeed shows a breathlessness, but not yet a collapse.

12小時圖表上的RSI（相對強度指數）確實顯示出呼吸困難，但尚未崩潰。

Others, like TheKingfisher, mention a seasonal reset, anticipating the famous “sell in May and go away”. An age-old strategy that could weigh on prices in the weeks to come.

其他人，例如thekingfisher，提到了季節性的重置，預計著名的“賣出五月賣”。一個古老的策略，可能會在未來幾週內權衡價格。

But Bitcoin has always played with paradoxes. Despite headwinds, it maintains an overall upward trend since January.

但是比特幣一直玩悖論。儘管受到逆風，但自1月以來，它仍然保持著整體上升趨勢。

Spot ETFs, institutional purchases, and the upcoming reduction in mining rewards (halving) remain underestimated catalysts.

現貨ETF，機構購買以及即將到來的採礦獎勵（減半）仍然低估了催化劑。

However, the market seems caught between two fires: the hope for a new ATH (All-Time High) and the fear of a deep correction.

但是，該市場似乎在兩次火災之間陷入困境：新ATH（歷史最高水平）的希望和對更正的恐懼。