随着经济问题威胁，比特币（BTC）作为衰退对冲出现

投资者正在研究替代资产，以保护其投资组合，因为经济问题威胁着。比特币通常被称为“数字黄金”，开始被视为对冲经济的可能性

Investors are keeping an eye on alternative assets as a safe haven for their portfolios amid mounting economic questions. In an interesting development, Bitcoin is beginning to be recognized by some financial institutions as a probable hedge against the pressures of an economic downturn, often recognized as “digital gold.”

在越来越多的经济问题的情况下，投资者正在关注替代资产作为其投资组合的避风港。在一个有趣的发展中，比特币开始被一些金融机构认可为经济低迷的压力，通常被认为是“数字黄金”。

The possibility of macroeconomic problems might spur greater interest in Bitcoin among institutions. A few days ago, this point of view was highlighted by Robbie Mitchnick, the head of digital assets at BlackRock (NYSE:BLK). Mitchnick’s observations came during a period of market uncertainty, with investors keeping an eye on any indication of a recession. A large driver for Bitcoin might be the recession since it would provoke more institutional curiosity. This point of view contradicts the conventional opinion of Bitcoin as a high-risk asset, instead presenting it as a reasonable store of value for financial turmoil. Given financial instability, the changing story reinforces Bitcoin’s possibility of being used in diversified investment plans.

宏观经济问题的可能性可能会激发机构中对比特币的更大兴趣。几天前，贝莱德（NYSE：BLK）的数字资产负责人罗比·米奇尼克（Robbie Mitchnick）强调了这一观点。米奇尼克（Mitchnick）的观察是在市场不确定性时期进行的，投资者密切注意任何经济衰退的迹象。比特币的大型驾驶员可能是经济衰退，因为它会引起更多的机构好奇心。这种观点与比特币作为高风险资产的常规意见相矛盾，而是将其作为金融动荡的合理价值存储。鉴于金融不稳定，不断变化的故事加强了比特币在多元化投资计划中使用的可能性。

The promise of an autonomous and decentralized cryptocurrency has drawn a following among those disappointed by the conventional financial system. The optimal scenario for Bitcoin would be a time of heightened macroeconomic instability, leading to a broader category of investors—like the institutional investors who are increasingly interested in the cryptocurrency market—pivoting to alternative assets.

自主和分散的加密货币的承诺吸引了传统金融体系失望的人。比特币的最佳场景将是宏观经济不稳定的时期，导致更广泛的投资者（例如对加密货币市场越来越感兴趣的机构投资者）偏向于替代资产。

During times of financial crisis, safe havens have traditionally included assets like gold (GLD) due to their ability to retain value while other markets experience volatility. Nonetheless, Bitcoin’s decentralized nature and fixed supply provide special qualities that attract those looking for alternatives. Under such recessionary conditions—characterized by high government expenditure and low interest rates—Bitcoin could boom as people search for assets uncorrelated with conventional markets, making it the best recession hedge.

在金融危机时期，安全避风港传统上包括黄金（GLD）等资产，因为它们具有保持价值的能力，而其他市场经历了波动。尽管如此，比特币的分散性质和固定供应提供了特殊的品质，吸引了寻求替代品的人。在这种经济衰退条件下，当人们寻找与常规市场不相关的​​资产时，Bitcoin可能会蓬勃发展，这使其成为最佳的衰退对冲。

Mitchnick’s comments, which were part of a broader discussion on the expanding role of digital assets in an evolving financial landscape, highlight BlackRock’s efforts in including digital assets into their portfolio. This institutional approval not only validates Bitcoin but also indicates a transformation in the investment approach whereby conventional financial institutions accept the value proposition of cryptocurrencies in hedging against economic risks. Let’s take a look to see if the chart of Bitcoin tells the same story about Bitcoin price prediction or not.

米奇尼克（Mitchnick）的评论是关于数字资产在不断发展的金融景观中不断扩大的作用的更广泛讨论的一部分，重点介绍了贝莱德（Blackrock）在将数字资产包括在其投资组合中的努力。该机构批准不仅验证了比特币，而且还表明了投资方法的转变，在这种方法中，常规金融机构接受加密货币的价值主张，以应对经济风险。让我们看看比特币图表是否讲述了关于比特币价格预测的同一故事。

The chart shows BTC trading at $85,583.90, creating a converging triangle pattern following a breakout from the previous consolidation. Though the price rose above resistance levels first, it met sellers near $87,250, which caused a pullback. With an RSI of 41, which shows neutral to bearish momentum, bitcoin is neither overbought nor oversold. With the signal line crossing under the MACD line, which suggests declining momentum, the MACD indicator is negative. Depending on market sentiment and volume, the existing converging triangle could cause a breakout in either direction. Bitcoin could try another rally if it holds support anywhere around $85,150.

图表显示，BTC交易价格为85,583.90美元，在以前的合并中断后，创建了收敛的三角形模式。尽管价格首先上涨了电阻水平，但它遇到了卖方近87,250美元，这引起了回调。比特币的RSI为41，表现出中性至看跌的动力，既不是超买也不超过。由于MACD线下的信号线交叉表明动量下降，MACD指示器为负。根据市场情绪和数量，现有的融合三角形可能会在任一方向上引起突破。如果比特币可以在85,150美元左右的支持范围内举行另一个集会。

Chart 1: Analysed by vallijat007, published on TradingView, March 20, 2025

图1：由Vallijat007分析，于2025年3月20日在Tradingview上发布

Previously a demand region, the key support level is in the range of $83,850–$84,000. Bitcoin could test this support before any possible rebound if it breaks under the present consolidation pattern. On the other hand, a breakout above the resistance of the converging triangle could drive BTC toward $86,350 to finally retest $87,250. For trend confirmation, traders ought to keep an eye on RSI and MACD crossovers. Bitcoin’s price action is unclear given the recent instability; therefore, risk management is critical over the short run.

以前是需求区域，关键支持水平在83,850- $ 84,000的范围内。如果比特币在当前的合并模式下破裂，则可以在任何可能的反弹之前测试此支持。另一方面，融合三角形的阻力上方的突破可能会使BTC达到86,350美元，最终重新估算$ 87,250。为了确认趋势，交易者应该关注RSI和MACD跨界车。考虑到最近的不稳定，比特币的价格行动尚不清楚。因此，在短期内，风险管理至关重要。

As the macroeconomic landscape shifts and financial institutions adjust their strategies accordingly, the narrative surrounding Bitcoin is changing. This change in narrative is especially interesting among institutional investors, who are increasingly considering alternative assets as part of their investment plans. In essence, BlackRock’s strategic interest in Bitcoin marks a departure from the conventional financial wisdom of the past, presenting a new possibility for a generation of investors used to different market cycles and financial institutions.

随着宏观经济景观的变化和金融机构相应地调整其策略，围绕比特币的叙述正在发生变化。在机构投资者中，这种叙事的这种变化尤其有趣，他们越来越考虑将替代资产视为其投资计划的一部分。从本质上讲，贝莱克对比特币的战略兴趣标志着与过去的传统财务智慧背道而驰，这为用于不同市场周期和金融机构的一代投资者带来了新的可能性。