在宏观经济不确定性的情况下，比特币的面孔继续下降

比特币的下降反映了传统股票市场的损失。标准普尔500指数本月下降了6％以上

Bitcoin's price has started the week on a downward trajectory, falling by 1.33% over the past 24 hours to reach $82,000. This marks a continuation of the weeklong downtrend, with the asset losing more than 5% in the last 7 days.

比特币的价格已经开始了一周的下降轨迹，在过去的24小时内下降了1.33％，达到82,000美元。这标志着为期一周的下降趋势的延续，在过去的7天中，资产损失了5％以上。

The flagship cryptocurrency has faced a cascade of liquidations across the crypto market, largely driven by macroeconomic pressures and uncertainty around tariffs.

旗舰加密货币在加密货币市场上面临着一系列清算，这在很大程度上是在关税周围的宏观经济压力和不确定性的推动下。

Bitcoin's decline closely follows losses observed in traditional equity markets. The S&P 500 has seen a decrease of over 6% this month, while the Nasdaq faced a smaller drop of 4.7%, respectively.

比特币的下降紧随传统股票市场中观察到的损失。标准普尔500指数的本月下降了6％以上，而纳斯达克却面临较小的4.7％下降。

However, despite the recent sell-off, Bitcoin's long-term narrative remains positive for many, especially considering the massive losses in the first quarter, which saw a 13% decline.

但是，尽管最近抛售了，但比特币的长期叙述仍然对许多人来说仍然是积极的，尤其是考虑到第一季度的巨大损失，下降了13％。

Bitcoin Faces Continued Decline Amid Macroeconomic Uncertainty

在宏观经济不确定性的情况下，比特币的面孔继续下降

Bitcoin’s price has started this week in the red, with BTC falling by 1.33% over the past 24 hours to reach $82,000. This marks a continuation of the weeklong downtrend, with the asset losing more than 5% in the last 7 days, triggering a cascade of liquidations across the crypto market.

比特币的价格已于本周开始，在过去的24小时内，BTC下降了1.33％，达到82,000美元。这标志着为期一周的下降趋势的延续，资产在过去7天内损失了5％以上，引发了整个加密货币市场的一系列清算。

The macroeconomic pressures and uncertainty around tariffs have contributed to a growing sense of unease in both traditional and digital financial markets. Investors are particularly attentive as former President Donald Trump prepares to announce his “Liberation Day” on April 2, which is expected to include sweeping “reciprocal tariffs.” These tariffs, designed to retaliate against foreign trade practices, are fueling fears of escalating trade tensions and contributing to market derisking, a trend where investors reduce exposure to riskier assets, including Bitcoin.

关税的宏观经济压力和不确定性导致了传统和数字金融市场的不安感。由于前总统唐纳德·特朗普（Donald Trump）准备在4月2日宣布他的“解放日”，预计将包括全面的“相互关税”。这些关税旨在对外贸行为进行报复，这加剧了人们担心贸易紧张局势并导致市场贬值的担忧，在这种趋势中，投资者减少了包括比特币在内的风险较高的资产。

Further negative macroeconomic signals add to the market’s unease. Last week, Core PCE data pointed to higher-than-expected inflation, adding to the already existing pressure on the global economy. Consumer confidence, a key economic indicator, fell to its lowest level in over a decade, signaling widespread unease among the public. Moreover, Goldman Sachs has raised its recession forecast from 20% to 35%, citing heightened geopolitical risks and growing economic instability.

进一步的负宏观经济信号增加了市场的不安。上周，核心PCE数据指出，通货膨胀率高于预期，这增加了对全球经济的现有压力。消费者的信心是一个关键的经济指标，在十年来的最低水平上降至公众中普遍不安。此外，高盛（Goldman Sachs）的衰退预测从20％提高到35％，理由是地缘政治风险增加并增加了经济不稳定。

The combination of macroeconomic stress, heightened geopolitical risks, and a growing sense of caution in the financial markets paints a bleak outlook for BTC and other risk assets in the short term. While Bitcoin’s long-term narrative remains strong for many, its correlation with traditional markets during times of uncertainty suggests that further volatility may be ahead.

宏观经济压力，增强的地缘政治风险以及金融市场上越来越谨慎的感觉在短期内使BTC和其他风险资产的前景变得黯淡。尽管比特币的长期叙事对于许多人来说仍然很强，但在不确定性时期，它与传统市场的相关性表明可能进一步波动。

As investors continue to react to the ongoing uncertainty, Bitcoin’s ability to regain momentum may depend on the resolution of some of these macroeconomic challenges. Given the 13% loss in the first quarter and with macroeconomic pressures continuing to mount, the next few weeks will be crucial in determining Bitcoin’s trajectory. The focus will likely remain on the upcoming tariffs and inflation data, with investors on edge as they weigh the risk of further downturns or potential rebounds.

随着投资者继续对持续的不确定性做出反应，比特币恢复动量的能力可能取决于解决其中一些宏观经济挑战的能力。鉴于第一季度的损失13％，并且宏观经济压力继续持续增加，接下来的几周对于确定比特币的轨迹至关重要。将重点放在即将到来的关税和通货膨胀数据上，因为投资者权衡了进一步低迷或潜在反弹的风险。