比特币（BTC）市场急剧稳定

在过去的24小时内，比特币跃升了8％，而特朗普总统退缩了互惠贸易关税，比特币的交易幅度低于82K。

Crypto markets are steadying after rebounding sharply as part of a broad-based recovery across digital assets and global equities.

加密市场在急剧反弹之后，这是整个数字资产和全球股票的广泛恢复的一部分。

President Trump’s surprising decision to pause reciprocal trade tariffs for 90 days halted several days of declines across global markets and cryptocurrencies.

特朗普总统在90天内暂停互惠贸易关税的令人惊讶的决定停止了全球市场和加密货币的几天下降。

Investors had been fretting that Trump’s aggressive reciprocal tariffs would send the US economy into recession, causing a selloff in risk assets, the US dollar, and ultimately US government debt.

投资者一直在想，特朗普的积极互惠关税将使美国经济陷入衰退，导致风险资产，美元和最终美国政府债务抛弃。

However, Trump’s announcement stunned the market, triggering a sharp recovery in risk assets across the board. The tech-heavy Nasdaq closed 12% higher after its strongest daily performance in two decades.

但是，特朗普的宣布使市场震惊，引发了全面风险资产的急剧恢复。纳斯达克高科技的纳斯达克股票在二十年来最强的日常表现之后收盘增长了12％。

Bitcoin rallied from a low of 74.4k yesterday to a peak of 82.5k before easing back to 81.7k at the time of writing. Other cryptocurrencies also experienced big moves, with Ethereum surging 13.4% to 1611 and XRP jumping 13%.

比特币从昨天的74.4k低点升至82.5k的峰值，然后在写作时恢复到81.7k。其他加密货币也经历了重大动作，以太坊飙升了13.4％至1611，而XRP跃升了13％。

The sharp reversal resulted in total crypto liquidations reaching $589 million yesterday according to Coinglass data. Sell positions bore the brunt of those liquidations, totalling $374 million, and long positions, $214 million.

据Coinglass数据显示，急剧的逆转导致昨天的加密货币清算量达到5.89亿美元。出售职位首当其冲，总计3.74亿美元，长头寸为2.14亿美元。

However, institutional demand remains weak. Yesterday, BTC ETFs experienced net outflows of $127.12 million, even as the Bitcoin price rebounded. This marked the fifth straight day of outflows. Should outflows persist and intensify, the BTC price could come under pressure once again.

但是，机构需求仍然很弱。昨天，BTC ETF经历了1.2712亿美元的净流出，即使比特币价格反弹。这是连续第五天流出的。如果流出持续并加剧，BTC价格可能会再次受到压力。

While Trump’s move has brought the US and global economies away from the cliff edge, they are by no means out of the woods. Trade tariffs on autos, steel, and aluminium, along with 10% universal tariffs and an escalating trade war with China, mean there is still plenty of uncertainty. The US economy is still likely to slow but may avoid a recession, which could keep a rally in risk assets capped.

尽管特朗普的举动使美国和全球经济远离悬崖边缘，但它们绝不是远离树林。汽车，钢铁和铝的贸易关税，以及10％的普遍关税以及与中国的贸易战争升级，意味着仍然存在很多不确定性。美国经济仍可能会放慢脚步，但可能会避免衰退，这可能会使风险资产限制。

The FOMC minutes supported this view, showing that US risks were tilted towards higher inflation and slower growth from Trump’s trade tariffs. The minutes related to the March meeting, which took place before the latest policy chaos. This macro backdrop could make it challenging for Bitcoin to recover.

FOMC会议记录支持了这一观点，表明美国风险倾向于提高通货膨胀和较慢的特朗普贸易关税增长。与三月会议有关的会议记录是在最新政策混乱之前举行的。这种宏观背景可能使比特币恢复挑战。

However, it is also worth keeping in mind that as the escalation of the trade war with China has seen Beijing allow the yuan to weaken below the critical 7.20 to its lowest level since 2007. This makes exports cheaper, offsetting some of the tariff pain. Historically, a weak yuan has been beneficial for Bitcoin, driving a flight of capital out of China. Should history repeat itself, this could be a support for BTC.

但是，还值得记住的是，随着与中国贸易战的升级，北京使元素能够将元素削弱到2007年以来的最低水平以下。这使出口更便宜，抵消了一些关税疼痛。从历史上看，人民币弱对比特币有益，将资本从中国赶出。如果历史重演，这可能是对BTC的支持。

Furthermore, additional economic stimulus in China after Trump ratcheted up tariffs could also be a boon for cryptocurrencies. Top leaders will meet today to discuss additional stimulus measures.

此外，在特朗普提高关税之后，中国的其他经济刺激也可能是加密货币的福音。顶级领导者今天将开会，讨论其他刺激措施。

Bitcoin Technical Analysis

比特币技术分析

Bitcoin trades below its falling trendline dating back to the start of the year, forming a series of lower highs and lower lows. The 50 SMA crossed below its 200 SMA in a bearish death cross signal. The price has recovered from 74.4k to above 80k and retested the falling trendline.

比特币以低于其下降的趋势线的交易可以追溯到今年年初，形成了一系列较低的高潮和较低的低点。 50 SMA在看跌死亡交叉信号中横穿其200 SMA以下。价格已从74.4K恢复到80k以上，并重新测试了下降的趋势线。

Rejection at the falling trendline and the RSI pointing downward while remaining below 50 could give sellers the upper hand. Sellers would need to take out support at 80k and 74.4k to extend the bearish trend.

在下降的趋势线和RSI向下指向下降的同时拒绝，而剩余50岁以下的拒绝可能会使卖方占上风。卖方需要在80k和74.4k上获得支持，以扩大看跌趋势。

To break out to the upside, buyers will need to extend the recovery above 83.5, yesterday’s high, the falling trendline, and the 85k round number. This would need to be confirmed by a rise above the 200 SMA at 86.8K to bring 90 K into focus.

为了脱颖而出，买家将需要将回收率延伸到83.5以上，昨天的趋势线下降和85K回合。这将需要通过超过200 SMA的增长为86.8K来确认这一点，以使90 K成为焦点。