随着特朗普的贸易关税在全球金融市场造成不确定性，比特币（BTC）的价格下跌

随着新的美国贸易关税为已经波动的市场增加压力，比特币再次面临不确定性时期。

Bitcoin (BTC) is once again facing a period of uncertainty as new U.S. trade tariffs add pressure to an already volatile market. According to Charles Edwards, this situation looks similar to the 2022 bear market bottom, raising concerns about what’s next for BTC.

随着新的美国贸易关税为已经波动的市场增加压力，比特币（BTC）再次面临不确定性时期。根据查尔斯·爱德华兹（Charles Edwards）的说法，这种情况看起来类似于2022年熊市底部，这引起了人们对BTC下一步的担忧。

The cryptocurrency took a hit after President Donald Trump announced global reciprocal trade tariffs on April 2. While U.S. stocks managed to recover, BTC dropped as much as 8.5% in a single day.

在唐纳德·特朗普总统于4月2日宣布全球互惠贸易关税之后，加密货币受到了打击。尽管美国股票设法恢复，但BTC在一天内下降了多达8.5％。

This downturn comes as no surprise to those following Edwards' analysis. In a recent post, the Capriole Investments founder highlighted that U.S. business expectations are now at levels seen in 2000, 2008, and 2022—years tied to major market downturns.

对于那些遵循爱德华兹的分析的人来说，这种低迷并不奇怪。在最近的一篇文章中，Capriole Investments创始人强调，美国的业务期望现在在2000年，2008年和2022年的水平上，与主要市场低迷有关。

"This is as tariffs are coming in hotter than expected. Phily Fed Business Outlook survey shows expectations today comparable to 2000, 2008 and 2022. How long until the Powell printer starts humming? Discussed in @capriole_fund's update last week," said Edwards.

爱德华兹说：“这是因为关税比预期的。

A chart from the Philadelphia Fed Business Outlook Survey (BOS) showed business confidence falling below 15, a sign of economic strain. According to Edwards, while BOS data isn't always accurate, it has historically indicated high-risk periods for financial markets.

费城美联储业务前景调查（BOS）的图表显示，业务信心低于15岁，这是经济压力的标志。根据爱德华兹（Edwards）的说法，尽管BOS数据并不总是准确，但历史上它表明金融市场的高风险时期。

"If the tariff war escalates or corporate margins start to shrink, we could see further downside," he added.

他补充说：“如果关税战争升级或公司利润率开始缩小，我们可能会进一步看到不利的方面。”

Key Price Levels To Watch

关键的价格水平要观看

For Bitcoin traders, the key level to watch in the short term is $91,000. If Bitcoin manages a daily close above the $84k level, it could be a strong bullish signal. However, if prices continue to drop, Bitcoin may test the $71,000 support zone, where a significant rebound could occur.

对于比特币交易者来说，短期内观看的关键水平为91,000美元。如果比特币每天管理着超过8.4万美元的水平，这可能是一个强烈的看涨信号。但是，如果价格继续下跌，比特币可能会测试71,000美元的支持区，可能会发生重大反弹。

Capriole Investments suggests that the U.S. macroeconomic environment will ultimately determine Bitcoin's next major move.

Capriole Investments表明，美国宏观经济环境最终将决定比特币的下一个主要举措。

Can U.S. Liquidity Boost Bitcoin Up?

美国流动性可以提高比特币吗？

Perhaps a shift in U.S. monetary policy might be a game-changer for Bitcoin. The Federal Reserve has already started easing its tight policies, raising speculation about a return to quantitative easing (QE).

也许美国货币政策的转变可能是比特币的改变游戏规则。美联储已经开始放松其严格的政策，从而提出了人们对恢复定量宽松（QE）的猜测。

"How long until the Powell printer starts humming?" asked Edwards.

“鲍威尔打印机开始嗡嗡作响多久？”爱德华兹问。

This question is crucial as it relates to the possibility of an increased money supply, which has historically driven Bitcoin's price higher. According to Capriole Investments' analysis, a new cycle of M2 liquidity could directly influence Bitcoin's price movements, potentially leading to a recovery starting as early as May.

这个问题至关重要，因为它涉及增加货币供应的可能性，该货币供应量增加了，历史上将比特币的价格提高了。根据Capriole Investments的分析，M2流动性的新周期可能直接影响比特币的价格变动，这可能会导致早在5月开始恢复。