即使美國股票，原油和債券收益率跌落，加密市場也表現良好

比特幣的價格在80000美元和90000美元之間的支持和電阻水平之間波動。以太坊（ETH）徘徊在$ 1800左右

The crypto market has performed relatively well this week even as US stocks, crude oil, and bond yields plunged, and the fear and greed index fell to the lowest level in years.

即使美國的股票，原油和債券收益率下降，加密市場的表現相對較好，而多年來的恐懼和貪婪指數下降到了最低水平。

Bitcoin’s price has fluctuated between the support and resistance levels of $80,000 and $90,000. Meanwhile, Ethereum (ETH) has hovered around $1,800, while Cardano (ADA) and Binance Coin (BNB) have stalled at $0.66 and $600, respectively.

比特幣的價格在80,000美元和90,000美元的支持水平和阻力水平之間波動。同時，以太坊（ETH）的盤旋約為1,800美元，而Cardano（ADA）和Binance Coin（BNB）分別停滯了0.66美元和600美元。

However, Bitcoin and other altcoins face a crucial risk as the blue-chip S&P 500 and Nasdaq 100 indices approach their death crosses. A death cross is a technical analysis term that occurs when a short-term moving average crosses below a long-term moving average, often indicating a potential downturn.

但是，隨著藍籌S＆P 500和納斯達克100指數接近他們的死亡交叉，比特幣和其他山寨幣面臨著重要的風險。死亡十字架是一個技術分析術語，當短期移動平均平均線越過長期移動平均線以下時，它通常表明潛在的衰退。

The chart below shows that the spread between the 50-day and 200-day moving averages has narrowed significantly in the past few days as the stock market tumbled. A death cross is one of the riskiest patterns in the market, as it usually leads to more sell-offs.

下圖顯示，在過去幾天，隨著股票市場的跌落，在過去幾天中，50天和200天的移動平均值的差異大大縮小。死亡十字架是市場上最危險的模式之一，因為它通常會導致更多的拋售。

A death cross in the stock market could trigger panic-selling among investors in various asset classes, including cryptocurrency. This would affect Bitcoin and other altcoins like ADA, BNB, and ETH prices. Others like TON, SHIB, and XRP would also be affected.

股票市場的死亡十字架可能會引發各種資產類別（包括加密貨幣）的投資者的恐慌。這將影響比特幣和其他Altcoins，例如ADA，BNB和ETH價格。諸如Ton，Shib和XRP之類的其他人也會受到影響。

However, there are two potential catalysts that may help prevent more downward trends for stocks and crypto for now.

但是，目前有兩種潛在的催化劑可能有助於防止股票和加密貨幣的下降趨勢。

First, Donald Trump needs to eat his humble pie and show flexibility on tariffs. He will likely implement this if the stock market continues falling and his approval rating plummets.

首先，唐納德·特朗普（Donald Trump）需要吃掉他的卑鄙派，並在關稅上表現出靈活性。如果股市繼續下跌，他的批准率下降，他可能會實施這一點。

A sign of flexibility would likely lead to animal spirits among investors and trigger more gains in the stock and crypto market.

靈活性的跡象可能會導致投資者的動物精神，並引發股票和加密貨幣市場的更多收益。

The other catalyst would come from a Federal Reserve intervention. On this, the Fed, sensing a recession, may opt to intervene by making a jumbo interest rate cut and even initiate quantitative easing policies. Donald Trump has already urged Powell to consider this action, stating:

另一個催化劑將來自美聯儲干預。在這方面，感知衰退的美聯儲可以選擇通過降低巨型利率，甚至啟動定量寬鬆政策來進行干預。唐納德·特朗普（Donald Trump）已經敦促鮑威爾（Powell）考慮這一行動，並指出：

“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%”

“對於美聯儲主席杰羅姆·鮑威爾（Jerome Powell）降低利率的絕佳時機。他總是“遲到”，但他現在可以改變自己的形象，並且很快。能源價格下降，利率下降，通貨膨脹率下降，即使雞蛋也下降了69％”

Signs that the bank will implement these policies would also lead to more demand for risky assets, including altcoins like ETH, ADA, and Binance Coin.

銀行將執行這些政策的跡像也將導致對風險資產的需求，包括ETH，ADA和Binance Coin等山莊。