比特币回调是否会延续？

Is Bitcoin's Correction Poised to Continue?

比特币的调整是否会继续？

The cryptocurrency landscape has been abuzz with Bitcoin's recent price gyrations. After reaching an all-time high of $73,750, BTC has shed over 17.5%, seeking solace at $60,000. As the digital asset grapples to regain its footing from this psychological level, market observers anticipate further downward pressure in the coming week.

加密货币领域因比特币最近的价格波动而热闹非凡。在触及 73,750 美元的历史高点后，BTC 已下跌超过 17.5%，在 60,000 美元处寻求安慰。随着数字资产努力从这一心理水平重新站稳脚跟，市场观察人士预计未来一周将面临进一步的下行压力。

Will Demand at $60K Cushion the Fall?

6 万美元的需求会缓冲下跌吗？

Bitcoin's rollercoaster ride in March has been a tale of two halves. The first half sparked optimism with record highs, while the latter half has hinted at a substantial correction. Currently trading at $65,115, BTC has found support at the confluence of $60,000 and the 38.2% Fibonacci retracement level.

比特币三月份的过山车之旅分为两半。上半年引发乐观情绪创历史新高，而下半年则暗示大幅调整。 BTC 目前交易价格为 65,115 美元，在 60,000 美元和 38.2% 斐波那契回撤位的汇合处找到了支撑。

While this newfound support provides a lifeline for buyers seeking a recovery, the increasing outflow from Bitcoin ETFs is exacerbating supply pressure. On March 22, Bitcoin spot ETFs witnessed a total net outflow of $51.6 million, with Grayscale's GBTC experiencing a significant single-day net outflow of $169 million.

虽然这种新的支持为寻求复苏的买家提供了生命线，但比特币 ETF 的资金外流不断增加正在加剧供应压力。 3 月 22 日，比特币现货 ETF 净流出总额为 5160 万美元，其中 Grayscale 旗下的 GBTC 单日大幅净流出 1.69 亿美元。

If this supply pressure persists, BTC could breach the $60,000 mark and seek solace at the next support level of $56,250, marking the 50% retracement level. This retracement phase is considered healthy and allows for the replenishment of bullish momentum.

如果这种供应压力持续存在，BTC 可能会突破 60,000 美元大关，并在下一个支撑位 56,250 美元（50% 回撤位）寻求安慰。这一回调阶段被认为是健康的，可以补充看涨势头。

However, if buyers can maintain control above these crucial support levels, BTC could rebound with vigor in the coming weeks, setting its sights on surpassing the $73,750 peak.

然而，如果买家能够将控制力维持在这些关键支撑位之上，比特币可能会在未来几周内强劲反弹，有望突破 73,750 美元的峰值。

Dormant Bitcoin Tokens Awaken, Sparking Volatility

休眠的比特币代币被唤醒，引发波动

Bitcoin's trading dynamics have recently undergone a significant shift. A notable activation of dormant Bitcoin tokens has been observed, marking the largest such movement in the past two years. This indicator is widely regarded as a harbinger of impending market fluctuations, as long-dormant coins can disrupt the market's supply-demand balance and trigger increased trading volatility.

比特币的交易动态最近发生了重大转变。观察到休眠的比特币代币显着激活，这是过去两年来最大规模的此类活动。该指标被广泛认为是即将到来的市场波动的预兆，因为长期休眠的代币可能会破坏市场的供需平衡并引发交易波动加剧。

The uncertain price behavior often invites a bearish perspective and could lead to Bitcoin correcting below $56,250. Losing this support could signal an extended correction or sideways trading for the coming month.

不确定的价格行为通常会引发看跌观点，并可能导致比特币回调至 56,250 美元以下。失去这一支撑可能预示着下个月将出现长期调整或横盘交易。

Technical Indicators Offer Insights

技术指标提供见解

• Exponential Moving Average (EMA): BTC's price remains above both the 100-day and 200-day EMA, suggesting that the long-term trend remains bullish.
• Vortex Indicator: A bearish crossover between the VI+ (blue) and VI- (pink) slopes indicates that sellers are gaining momentum in the market.

指数移动平均线 (EMA)：BTC 的价格仍然高于 100 日和 200 日 EMA，表明长期趋势仍然看涨。涡旋指标：VI+（蓝色）和 VI-（粉色）之间的看跌交叉斜率表明卖家正在市场上获得动力。