比特币（BTC）努力打破超过$ 84,000的电阻，停留在$ 5,500范围内

比特币（BTC）的交易范围在5,500美元的范围内，努力超过84,000美元的电阻。

Bitcoin (BTC) has been struggling to break past the $84,000 resistance and is now trading within a $5,500 range as macroeconomic uncertainty and Trump’s trade policies continue to dampen risk asset demand, new data from Glassnode and CoinsGlass shows.

比特币（BTC）一直在努力超越84,000美元的抵抗力，现在随着宏观经济不确定性和特朗普的贸易政策继续削弱风险资产需求，GlassNode和Coinsglass的新数据显示，现在的交易范围在5,500美元之内。

Bitcoin price remains stagnant amid macro pressures and technical resistance.

在宏观压力和技术抵抗力的情况下，比特币价格仍然停滞不前。

As of March 9, Bitcoin’s price has been consolidating between $78,599 and $84,000, according to Glassnode. This marks nearly three weeks of flat trading, which could be attributed to the increasing economic and geopolitical concerns that have been limiting Bitcoin’s upside momentum.

根据GlassNode的数据，截至3月9日，比特币的价格已经在78,599美元至84,000美元之间汇总。这标志着将近三个星期的持平交易，这可能归因于经济和地缘政治的日益严重的关注，这些问题一直在限制比特币的上行势头。

The narrative of the Biden-Trump trade war has returned, with the potential tariffs on Mexico and Canada having an impact on investor sentiment.

Biden-Trump贸易战的叙述已经恢复，对墨西哥和加拿大的潜在关税对投资者的情绪产生了影响。

Moreover, global markets are still on edge due to inflation risks and the threat of retaliation from trading partners. Historically, Bitcoin has been a preferred asset class during periods of economic turmoil as traders seek out hard-to-counterfeit assets. However, the current macroeconomic headwinds have been decreasing risk appetite, especially for cryptocurrencies.

此外，由于通货膨胀风险和贸易伙伴的报复威胁，全球市场仍然处于优势。从历史上看，随着交易者寻求难以兑现的资产，比特币一直是经济动荡期间的首选资产类别。但是，当前的宏观经济逆风正在降低风险食欲，尤其是对于加密货币。

Coin heating up: Is BTC funding rate a good indicator of market sentiment?

硬币加热：BTC资金率是否是市场情绪的良好指标？

Bitcoin demand seen waning

比特币需求看到了

Another interesting observation from Glassnode’s data is the decreasing activity in the short-term holder (1w-1m) cost basis. This suggests that traders holding coins for less than a month have been reducing their exposure to Bitcoin.

GlassNode数据的另一个有趣的观察结果是，短期持有人（1W-1M）成本基础的活动减少。这表明持有硬币不到一个月的交易者正在减少对比特币的接触。

As of March 9, the 1w-1m cost basis stands at $76,400, while the 1m-3m cost basis is at $78,000. This indicates that there has been a net outflow of capital from this time frame.

截至3月9日，1W-1M的成本基础为76,400美元，而1m-3m的成本为78,000美元。这表明从这个时间范围起，资本净流出。

The chart above shows the decreasing activity in the 1w-1m cost basis, which signifies a reduction in short-term holder exposure.

上图显示了1W-1M成本基础的活动减少，这表明短期持有人的暴露量减少。

Earlier, crypto analytics firm Glassnode noted that the 1w-1m cost basis had been rapidly increasing during Bitcoin’s rally from the $48,000 low in November 2022. This rapid buildup signaled a strong influx of capital from new buyers, who were aggressively accumulating BTC in the lower price ranges.

早些时候，加密分析公司GlassNode指出，比特币集会期间，1W-1M的成本基础从2022年11月的48,000美元低点迅速增加。这种迅速的建筑表明，新买家大量的资本涌入，他们在较低的价格范围内积极积累了BTC。

However, the rate of change in the 1w-1m cost basis has now reversed, indicating that macro uncertainty has dampened demand, slowing down new inflows into the market.

但是，1W-1M成本基础的变化率现在已经逆转，这表明宏观不确定性减弱了需求，减慢了新的流入市场。

The crypto analytics firm further stated that this suggests new buyers are now unable to absorb the sell-side pressure, ultimately shifting the market environment from post-ATH euphoria into a more cautious stage.

这家加密分析公司进一步表示，这表明新买家现在无法吸收卖方压力，最终将市场环境从后的欣快感转变为更加谨慎的阶段。

Bitcoin futures funding rates remain neutral

比特币期货融资率保持中立

Another indicator of Bitcoin’s stagnation is the neutral funding rates on perpetual futures contracts. According to CoinsGlass, funding rates across major exchanges like Binance, OKEx, and FTX are still hovering close to the 0% mark.

比特币停滞不前的另一个指标是永久期货合约的中立融资率。根据Coinsglass的说法，诸如Binance，Okex和FTX等主要交易所的资金率仍然徘徊在接近0％的商标。

The chart above shows the funding rates on Binance, OKEx, and FTX for Bitcoin perpetual futures contracts.

上图显示了比特币永久期货合约的二元，Okex和FTX的资金率。

A positive funding rate indicates that traders are bullish and willing to pay a premium to keep their positions open, while a negative funding rate signals bearish sentiment. However, both extremes can also lead to increased liquidation risk.

正面的融资率表明，交易者是看好的，愿意支付溢价以保持其头寸开放，而负面的资金率表示看跌。但是，这两个极端也可能导致清算风险增加。

In the case of Bitcoin, the funding rates have remained largely neutral over the past few weeks, which could signify that neither bulls nor bears have a clear upper hand.

就比特币而言，在过去的几周中，资金率在很大程度上保持中立，这可能表明公牛和熊都没有明显的巨大。

Without strong speculative activity from either side, it becomes more difficult for Bitcoin to sustain a breakout from its current consolidation phase.

没有任何一侧的强大投机活动，比特币从目前的合并阶段中维持突破变得更加困难。

What does technical analysis say?

技术分析怎么说？

Bitcoin is currently facing strong technical resistance at key moving averages (MAs) as it tries to breakout from the $78,599-$84,000 range. On March 9, BTC fell below the 200-day simple moving average (SMA) at $83,736.

当前，比特币在关键移动平均（MAS）方面面临着强大的技术阻力，因为它试图从$ 78,599- $ 84,000的范围内进行突破。 3月9日，BTC低于200天简单移动平均线（SMA）的价格为83,736美元。

The 200-day SMA has since rejected Bitcoin’s breakout attempts, keeping BTC within its current range. Another key technical indicator to watch is the 200-day exponential moving average (EMA), which is currently at $86,000.

此后，200天的SMA拒绝了比特币的突破尝试，将BTC保持在当前范围内。要观看的另一个关键技术指标是200天的指数移动平均线（EMA），目前为86,000美元。

According to crypto analyst Daan Crypto Trades, these indicators are crucial for determining the mid-to-long-term trend and overall market strength.

根据加密分析师Daan Crypto交易的说法，这些指标对于确定中期至长期趋势和整体市场实力至关重要。

Without a decisive close above them, Bitcoin could remain range-bound for an extended period as traders await further signals.

如果没有决定性的关闭，则随着交易者在等待更多信号时，比特币可能会长期存在。