比特币（BTC）市场参与者的定位是新鲜的BTC价格下跌，甚至可能形成新的多个月低点。

PCE周与3月的最后一次交易周相吻合，风险资产显示出一定的乐观迹象。

Bitcoin (BTC) price is heading into the last full trading week of Q1 2025 with a threat of new multi-month lows emerging as trader sentiment diverges from improving technicals.

比特币（BTC）的价格正登上第1季度2025年第1季度的全部交易周，随着交易者情绪与改善技术的不同，新的多个月低点的威胁都出现了。

PCE week coincides with the last full trading week of March, and risk assets are showing a hint of optimism as a four-week losing streak comes to an end for US stocks.

PCE周与3月的最后一次交易周相吻合，风险资产显示出一种乐观的迹象，因为为期四周的损失连胜即将结束美国股票。

When it comes to BTC price strength, RSI is increasingly signaling bullish continuation in several interesting ways.

当涉及到BTC的价格实力时，RSI越来越多地以几种有趣的方式向看涨的延续表示。

Short-term Bitcoin holders are showing signs of serious unrealized losses, while stablecoin stocks on Binance hit record highs in what research hopes is a positive signal for investor confidence.

短期比特币持有人表现出严重的未实现损失的迹象，而Binance的Stablecoin股票命中了记录高点，这是对投资者信心的积极信号。

Bitcoin traders see downside reversal next

比特币交易者看到下面的逆转下一步

Bitcoin is nearing a rematch with two-week highs as the week gets underway, data from Cointelegraph Markets Pro and TradingView shows.

CoIntelegraph Markets Pro和TradingView显示的数据显示，随着一周的进行，比特币接近重赛，这是两周高点。

Among traders, however, the mood remains cautious.

但是，在交易者中，情绪仍然谨慎。

Bulls have a lot to do in order to spark a reliable uptrend, they warn, and despite being up nearly 15% versus its multimonth lows from earlier this month, BTC/USD may well see a fresh drop.

公牛有很多事情要做，以激发可靠的上升趋势。

“Market sentiment has been restored after hitting the short liquidations at $87.1k. Now, it could be a good opportunity for the MM to shake out the market again,” popular trader CrypNuevo wrote in his latest X analysis.

流行的Trader Crypnuevo在他的最新X分析中写道：“在以87.1k美元的价格达到短暂的清算后，市场情绪已得到恢复。现在，MM再次摆脱市场可能是一个很好的机会。”

BTC liquidity chart. Source: CrypNuevo/X

BTC流动性图。资料来源：Crypnuevo/X

CrypNuevo was looking lower at times, with downside liquidity nearer $80,000 a potentially lucrative target that he advised followers to “mind.”

Crypnuevo有时看上去较低，下行流动性接近80,000美元，这是他建议追随者“思想”的潜在利润丰厚的目标。

BTC/USDT 1-hour chart. Source: CrypNuevo/X

BTC/USDT 1小时图表。资料来源：Crypnuevo/X

Fellow trading account HTL-NL described the scenario on shorter timeframes as “not looking good” for bulls, eyeing $90,000 as a ceiling before a reversal kicks in.

贸易帐户HTL-NL的其他交易帐户将较短的时间范围的方案描述为“对公牛的看法不好”，在逆转开始之前，将90,000美元视为上限。

Even among its more ardent supporters, the specter of the mid-$70,000 ranges still lingers. Arguing that BTC/USD could yet advance to new all-time highs of $110,000, former BitMEX CEO Arthur Hayes predicts a 30% crash from there.

即使在更为热心的支持者中，中期70,000美元的幽灵仍然存在。前Bitmex首席执行官Arthur Hayes认为BTC/USD仍可以提高到110,000美元的新历史最高高点，预计从那里将有30％的崩溃。

🚨 LATEST: BitMex co-founder Arthur Hayes predicts Bitcoin will hit $110k before retesting $76.5k, claiming Fed is switching from QT to QE for treasuries and dismisses tariff concerns, citing "transitory inflation." pic.twitter.com/VX3ORPyvii

🚨最新：Bitmex联合创始人亚瑟·海斯（Arthur Hayes）预测，比特币将达到11万美元，然后重新测试$ 76.5K，声称美联储以“临时通货膨胀”为例，美联储将从QT转换为QE，并驳回了关税问题。 pic.twitter.com/vx3orpyvii

“Again I still think we go lower before we make a run back to 88-90k resistance retest,” trader Roman meanwhile added on short timeframes.

“再次，我仍然认为我们在回到88-90k阻力重新测试之前会降低，” Trader Roman在短时间内补充说。

Earlier, Cointelegraph reported on several key support trend lines in need of a reclaim as part of any BTC price recovery.

此前，Cointelegraph报道了需要回收的几个关键支持趋势线，这是任何BTC价格回收的一部分。

These included the 200-day simple and exponential moving averages, currently at $85,050 and $85,500, respectively.

其中包括200天简单和指数的移动平均值，目前分别为85,050美元和85,500美元。

PCE week comes in the shadow of tariffs

PCE周有关税的阴影

The last full trading week of Q1 2025 gets underway with a hint of relief for risk assets as US stocks end a four-week losing streak.

第1季度2025年第1季度的最后一个交易周，由于美国股票结束了为期四周的损失，因此对风险资产的缓解措施也有所缓解。

A wild ride for equities since the year began is finally coming to a close, and with it an even more volatile period for Bitcoin and crypto.

自一年开始以来的巨大竞争终于结束了，比特币和加密货币的时期更加动荡。

That said, more surprises could come before the quarterly candle close.

也就是说，在季度蜡烛关闭之前，可能会有更多惊喜。

March 28 is the main date in traders’ diaries this week, hosting the February print of the US Personal Consumption Expenditures (PCE) index.

3月28日是本周交易者日记的主要日期，主持了2月份的美国个人消费支出（PCE）指数。

Known to be the Federal Reserve’s “preferred” inflation gauge, PCE came in below expectations last month, with the upcoming numbers broadly expected to be identical.

PCE众所周知是美联储的“首选”通货膨胀量表，上个月的预期低于预期，即将到来的数字将广泛预期相同。

Citing the Fed’s own internal models, financial market research firm Bespoke saw positive developments for risk-on sentiment developing.

金融市场研究公司援引美联储自己的内部模式，为风险启动情绪发展提供了积极的发展。

“The Fed's inflation model currently estimates that headline and core for both CPI and PCE will all have 2-handles by March,” it observed last week.

它在上周观察到：“美联储的通货膨胀模型目前估计，CPI和PCE的标题和核心都将在3月之前有2个手柄。”

Fed target rate probabilities for June FOMC meeting. Source: CME Group

FOMC会议的FED目标利率概率。资料来源：CME组

The latest estimates from CME Group’s FedWatch Tool meanwhile show market odds for interest rate cuts remaining at zero, with the June meeting of the Federal Open Market Committee (FOMC) as the likely timeframe for financial conditions to ease.

同时，CME Group的FedWatch工具的最新估计显示，降低利率的市场赔率仍为零，联邦公开市场委员会（FOMC）的6月会议可能是财务状况的可能时间范围。

The US government’s reciprocal tariff arrangement, due to go live on April 2, could temper any optimism.

美国政府将于4月2日上线，美国政府的互惠关税安排可能会降低任何乐观态度。

At a press conference following the latest FOMC meeting last week, Fed Chair Jerome Powell himself cited tariffs as a “driving factor” in increasing inflation expectations.

在上周最新的FOMC会议之后的新闻发布会上，美联储主席杰罗姆·鲍威尔（Jerome Powell）本人将关税视为通货膨胀期望的“驱动因素”。

“You may have seen that goods inflation moved up pretty significantly in the first two months of the year. Trying to track that back to actual tariff increases, given what was tariff and what was not, very, very challenging. So, some of it,” he said.

他说：“您可能已经看到，货物通货膨胀在今年的头两个月都大大提高。考虑到关税是什么，而不是非常非常具有挑战性的，试图将其追溯到实际的关税增加。因此，其中一些。”

RSI signals tease key BTC price breakouts

RSI信号取笑钥匙BTC价格突破

When it comes to early bull market continuation signals,

当谈到早期牛市延续信号时