比特币（BTC）本月连续第二次连续第二次，因为新的看跌压力使价格受到压制。

比特币（BTC）本月连续第二次连续第二次，因为新的看跌压力使价格受到压制。然而，更广泛的市场恢复到了本月初的最后水平。

Bitcoin price ranged for a second consecutive time this month as fresh bearish pressures kept the flagship crypto suppressed. However, the broader market recovered to levels last seen at the start of the month.

比特币的价格范围范围不等，因为新鲜的看跌压力使旗舰加密被压制。但是，更广泛的市场恢复到了本月初的最后水平。

As of late Asian trading hours on Friday, the total cryptocurrency market cap stood at around $2.95 trillion. In the previous week, market sentiment improved, recovering 13 points to neutral levels.

截至周五晚期亚洲交易小时，加密货币市值的总额约为2.9.5万亿美元。在上一周，市场情绪得到了改善，恢复了13点至中立水平。

Altcoin traders entered the weekend with modest gains, while a handful of prominent projects stood out in terms of weekly gains.

Altcoin Traders以适度的收益进入了周末，而每周的收益就脱颖而出。

Why is Bitcoin down this week?

为什么本周比特币会下降？

Bitcoin traders entered this week with cautious optimism as inflation concerns cooled off. However, by the end of the week, fresh bearish pressure prevented the flagship crypto from gaining a foothold above the $85k support level.

随着通货膨胀率降低，比特币交易者本周谨慎地进入。但是，到周末结束时，新鲜的看跌压力阻止了旗舰加密货币的立足点高于85,000美元的支撑水平。

The decline followed US President Donald Trump’s announcement of a 25% tariff on all imported automobiles, set to take effect on April 2. The move put pressure on risk assets across the board, with Bitcoin falling in tandem with US equities as the correlation between the two markets continued to rise.

在美国总统唐纳德·特朗普（Donald Trump）宣布对所有进口汽车征收25％关税的下降之后，将于4月2日生效。此举使风险资产全面施加压力，比特币与美国股票同时下降，因为这两个市场之间的相关性继续上升。

Adding to the pressure, US inflation data released on March 28 showed stronger-than-expected results. While headline PCE numbers aligned with forecasts at 0.3% m-o-m and 2.5% y-o-y, core PCE figures came 0.1% higher than expected, at 0.2%, hinting at persistent inflationary pressures.

3月28日发布的美国通货膨胀数据增加了压力，结果显示出比预期的结果。尽管标题PCE数量与预测为0.3％的MOM和2.5％同上，但核心PCE数字比预期的0.1％，为0.2％，暗示持续的通货膨胀压力。

By the end of the week, BTC seemed to have lost momentum as it moved to test multi-week lows.

到本周末，BTC似乎已经失去了动力，因为它移动了多周的低点。

Will Bitcoin go up?

比特币会上升吗？

Analysts remained sceptical about the broader crypto market, noting that Bitcoin’s recent stability above $80,000 hasn’t yet confirmed a recovery.

分析师对更广泛的加密市场仍然持怀疑态度，并指出比特币最近的稳定性超过80,000美元尚未确认恢复。

Veteran trader and analyst Michaël van de Poppe noted the “trend remains to be upwards” for BTC, but admitted it’s beginning to “look slightly less good.” In a recent X post, he warned that a break below $84,000 may “see a test at $78–80K and perhaps lower” before the price recovers.

经验丰富的商人和分析师MichaëlVande Poppe指出，BTC的“趋势仍然是要上升的”，但承认它开始“看起来略微不那么好”。在最近的X帖子中，他警告说，低于$ 84,000的休息时间可能会在价格恢复之前“以78-80k的价格看待78-80k，也许是更低的测试”。

At press time, Bitcoin was quickly approaching those levels.

发稿时，比特币正在迅速接近这些水平。

Fellow trader AlphaBTC echoed that caution, emphasising that Bitcoin needs to hold above the monthly open at $84,300, a key level which Bitcoin “must hold” to avoid ending the month in the red.

交易员Alphabtc对此表示谨慎，强调比特币需要以84,300美元的价格保持在月开业的高度，这是比特币“必须保持”的关键水平，以避免以红色结束月份。

According to the analyst, Bitcoin might be drifting towards that level and into “max pain” territory, referring to the Friday March options expiry, which could add further pressure before the month wraps up.

根据分析师的说法，比特币可能正朝着该级别上升到“最大痛苦”领域，指的是3月期权到期，这可能会在月份结束之前增加压力。

More bearish predictions came from well-followed market commentator Ted Pillows, who predicted a drop towards $74,000 if BTC fails to make a weekly close above $89,000.

更多的看跌预测来自良好的市场评论员TED Pillows，如果BTC未能在每周的收盘处跌至89,000美元以上，他们预计将下降到74,000美元。

On the weekly chart, Bitcoin had formed a falling wedge pattern, the analyst noted in a March 28 X post. See below.

分析师在3月28日x帖子中指出，在每周图表上，比特币形成了楔形图案。见下文。

Yet the bull run isn’t over just yet, according to analysts at CryptoQuant. In a recent Quicktake blog, they pointed to four on-chain metrics that are currently in flux, showing signs of short-term turbulence, but not signaling a cycle top.

CryptoFeant的分析师说，然而，公牛跑还没有结束。在最近的QuickTake博客中，他们指出了四个目前正在变形的链链指标，显示出短期动荡的迹象，但没有标志着周期顶部。

These include the MVRV ratio, NUPL, and the Inter-Exchange Flow Pulse (IFP), which turned bearish back in February.

其中包括MVRV比率，NUPL和交换间流脉冲（IFP），后者在二月份转移了看跌。

Contributor Burak Kesmeci noted that while “Bitcoin is experiencing significant turbulence,” none of the data points suggest things have overheated. For sentiment to shift, he added, the IFP needs to climb back above its 90-day simple moving average.

撰稿人Burak Kesmeci指出，尽管“比特币正在经历重大的动荡”，但这些数据点都没有表明事情过热了。他补充说，要使情绪变化，IFP需要向后爬高于其90天简单的移动平均线。

As of the last check on Friday at 4 p.m. GMT, Bitcoin was trading at $84,264, showing no gains on the weekly timeframe.

截至格林尼治标准时间周五下午4点的最后一次支票，比特币的交易价格为84,264美元，显示每周的时间范围没有收益。

Altcoin market recovers

Altcoin市场恢复

The total altcoin market capitalization hit a weekly high of $1.25 trillion before receding to $1.21 trillion by late Friday.

山寨币市值的总高价达到了每周1.25万亿美元，然后在周五下旬退出至1.21万亿美元。

Bitcoin remained the dominating force in the market with the altcoin seasonality index at 17, four points lower than the previous week.

比特币仍然是市场上的主导力量，而Altcoin季节性指数为17分，比上周低4分。

Although the vast majority of the top 99 altcoins had failed to recover from last week’s losses, the top gainers of the week all posted double-digit gains: Cronos, Berachain and Four.

尽管前99个山寨币的绝大多数未能从上周的损失中恢复过来，但本周的最高利益均出现了两位数的增长：Cronos，Berachain和四个。

Cronos (CRO) shot up 37% over the past week, exchanging hands at $0.106 when writing, while its market cap stood at $2.83 billion. Trading activity also picked up big time, going from $67 million to $140 million during the same period.

Cronos（CRO）在过去一周中飙升了37％，在写作时以0.106美元的价格交换，而市值为28.3亿美元。贸易活动也占据了很长时间，同期从6700万美元到1.4亿美元。

Cronos price chart | Source: CoinMarketCap

Cronos价格图|资料来源：CoinMarketCap

Most of this week’s gains came from reports that Trump Media, the parent company of Truth Social, is partnering with Crypto.com to launch a series of exchange-traded funds under the Truth.Fi brand, including

本周的大部分收益都来自报道称，Truth Social的母公司Trump Media与Crypto.com合作，以Truth.fi品牌（包括