隨著比特幣重獲動力，多頭市場創下歷史新高

隨著比特幣創下歷史新高，多頭再次獲得動力。加密貨幣飆升至先前的高點預示著潛在的上漲趨勢，市場密切關注比特幣是否恢復強勁並達到新的高度。分析師正在密切關注 CME 缺口，這表明比特幣未來軌蹟的前景樂觀。

Will Bulls Charge Higher as Bitcoin Approaches All-Time Highs?

隨著比特幣接近歷史高點，多頭會收取更高的費用嗎？

Bitcoin (BTC) is poised to end March within striking distance of its previous all-time highs. After a tumultuous week marked by sharp declines, the cryptocurrency is exhibiting renewed vigor. Can bulls regain momentum and drive prices to new heights?

比特幣（BTC）預計在三月底觸及之前的歷史高點。在經歷了急劇下跌的動盪一周之後，加密貨幣正在展現出新的活力。多頭能否重獲動力並將價格推至新高？

CME Gap Points to Upside Potential

CME 缺口指向上漲潛力

Over the weekend, Bitcoin bulls notched a significant victory. BTC/USD closed the week just shy of $67,200, erasing the majority of recent losses. Analyst Mark Cullen has identified a gap in CME futures that could indicate a further upside move.

週末，比特幣多頭取得了重大勝利。 BTC/美元本週收盤略低於 67,200 美元，抹去了近期的大部分跌幅。分析師馬克卡倫（Mark Cullen）發現芝商所期貨存在缺口，這可能預示著進一步的上漲。

However, traders remain cautious. Technical indicators, such as the Relative Strength Index (RSI), suggest that Bitcoin may be overbought. A close above $69,100 would be necessary for bulls to regain the upper hand.

不過，貿易商仍保持謹慎態度。相對強弱指數（RSI）等技術指標顯示比特幣可能已超買。收盤價必須高於 69,100 美元，多頭才能重新佔上風。

ETF Hopes Resurface

ETF希望重新浮現

The performance of spot Bitcoin exchange-traded funds (ETFs) in the United States has been closely watched. After experiencing five consecutive days of net negative flows, commentators hope for a return to positive inflows.

美國現貨比特幣交易所交易基金（ETF）的表現一直受到密切關注。在經歷了連續五天的淨負流入之後，評論人士希望能夠恢復正流入。

Quinn Thompson, head of capital markets at Maple Finance, believes that new buyers are entering the market despite outflows from Grayscale Bitcoin Trust (GBTC). Thomas Fahrer, CEO of Apollo, has linked the recent price resilience to cooling GBTC outflows.

Maple Finance 資本市場主管 Quinn Thompson 認為，儘管灰階比特幣信託（GBTC）資金流出，但新買家正在進入市場。 Apollo 執行長 Thomas Fahrer 將近期的價格彈性與 GBTC 資金外流降溫聯繫起來。

PCE Index and US Spending Package

PCE指數和美國支出計劃

This week, the Personal Consumption Expenditures (PCE) Index will take center stage in US macro data releases. The PCE is the Federal Reserve's preferred inflation measure, and it follows last week's decision to maintain interest rates.

本週，個人消費支出（PCE）指數將成為美國宏觀數據發布的焦點。 PCE是聯準會首選的通膨指標，它是在上週決定維持利率不變之後製定的。

Fed Chair Jerome Powell will speak again this week, potentially reinforcing expectations of rate cuts later in the year. Meanwhile, a $1.2 trillion US spending package could provide a tailwind for risk assets, including Bitcoin.

聯準會主席鮑威爾本週將再次發表講話，這可能會強化今年稍後降息的預期。同時，美國 1.2 兆美元的支出計畫可能會為包括比特幣在內的風險資產帶來推動力。

Mining Difficulty Maintains Highs

挖礦難度維持高位

Despite recent price volatility, Bitcoin network fundamentals remain strong. Mining difficulty is expected to hold steady at its automated readjustment this week, hovering near all-time highs. Hash rate has also reached record levels.

儘管最近價格波動，比特幣網路基本面仍然強勁。預計本週挖礦難度將在自動調整中保持穩定，徘徊在歷史高點附近。哈希率也達到了創紀錄的水平。

Investor Mike Alfred predicts a major correction in global hashrate post-halving, as miners adjust to the reduced subsidy. However, he anticipates super profits for miners with new equipment.

投資人 Mike Alfred 預測，隨著礦商適應補貼減少，全球算力將在減半後出現重大調整。然而，他預計擁有新設備的礦工將獲得超額利潤。

Mainstream Interest Wanes

主流興趣減弱

While crypto market sentiment remains greedy, mainstream interest in Bitcoin appears to be fading. Google Trends data shows that search intensity for "Bitcoin" has declined after a modest spike during the recent price rally.

儘管加密貨幣市場情緒仍然貪婪，但主流對比特幣的興趣似乎正在消退。谷歌趨勢數據顯示，「比特幣」的搜尋強度在最近價格上漲期間小幅上漲後有所下降。

The Crypto Fear & Greed Index lingers just below the "extreme greed" zone, suggesting that market participants are still bullish but wary of excessive exuberance.

加密貨幣恐懼與貪婪指數徘徊在「極度貪婪」區域下方，顯示市場參與者仍然看漲，但對過度繁榮持謹慎態度。

Bitcoin vs. Traditional Markets

比特幣與傳統市場

Statistician Willy Woo draws a sharp distinction between Bitcoin and traditional financial markets. In bear markets, TradFi experiences steep declines and panic, while in Bitcoin bull markets, FOMO drives prices higher.

統計學家 Willy Woo 對比特幣和傳統金融市場進行了鮮明的區分。在熊市中，TradFi 會經歷急劇下跌和恐慌，而在比特幣牛市中，FOMO 會推高價格。

Despite the recent pullback, Woo believes that the power of the Bitcoin bull market should not be underestimated.

儘管最近出現回調，Woo 認為比特幣牛市的力量不應被低估。