比特币减半后波动，等待市场催化剂

尽管减半后出现短暂反弹，但比特币仍保持区间波动，表明美国上市现货比特币 ETF 的正面压力正在减弱。正如分析师指出的那样，当前的横向盘整与之前减半事件之后的历史趋势一致。减半和 ETF 需求下降并未对价格产生重大影响，从而促成了盘整格局。分析师预测，当前区间内将持续波动，如果突破 60,000 点支撑位或 67,500 点阻力位，价格可能会出现大幅波动。

Bitcoin Navigates Post-Halving Trading Range, Awaiting Market Catalyst

比特币在减半后的交易区间中航行，等待市场催化剂

The cryptocurrency market remains in a state of flux, with Bitcoin (BTC), the leading digital asset, consolidating within a narrow range in the aftermath of its halving event. Over the past 24 hours, BTC has traded between $63,520 and $65,285, as investors cautiously await the next market-moving event.

加密货币市场仍处于不断变化的状态，领先的数字资产比特币（BTC）在减半事件后窄幅盘整。过去 24 小时内，BTC 交易价格在 63,520 美元至 65,285 美元之间，投资者谨慎等待下一个市场走势事件。

Outflows from U.S.-Listed Spot Bitcoin ETFs Hinder Price Momentum

美国上市现货比特币 ETF 资金流出阻碍价格动能

The sideways price action of Bitcoin coincides with declining demand from U.S.-listed spot Bitcoin exchange-traded funds (ETFs). Fidelity's FBTC experienced its first day of outflows on Thursday, amounting to $22.6 million, while BlackRock's IBIT has recorded consecutive days of net neutral flows, according to data from Farside.

比特币的横向价格走势与美国上市的现货比特币交易所交易基金（ETF）的需求下降同时发生。根据 Farside 的数据，富达 (Fidelity) 的 FBTC 周四出现首日资金流出，金额达 2260 万美元，而贝莱德 (BlackRock) 的 IBIT 则连续多日录得净中性资金流。

The diminished positive pressure from ETFs has contributed to the consolidation of Bitcoin's price over the past two months. "This week's crypto market continues to drift bearish," said Rachel Lin, co-founder and CEO of SynFutures. "The bears have sold into the strong bounce back we saw earlier in the week, indicating that the much-anticipated Bitcoin halving has had no significant impact on the price action."

过去两个月，ETF 正面压力的减弱推动了比特币价格的整合。 SynFutures 联合创始人兼首席执行官 Rachel Lin 表示：“本周的加密货币市场继续看跌。” “空头已经在本周早些时候看到的强劲反弹中抛售，这表明备受期待的比特币减半并未对价格走势产生重大影响。”

Analysts Observe Historical Patterns, Project Bullish Outlook

分析师观察历史模式，预计前景看涨

Despite the current lull in momentum, some analysts believe that Bitcoin is merely undergoing a consolidation phase before embarking on a more aggressive bull run. "The weeks after the halving will see a sideways or declining trend until BTC breaches the prior high, which currently stands at 73,600," said Lin. "Nearest support continues to remain at the 60,000 level."

尽管目前势头平淡，但一些分析师认为，比特币只是在经历巩固阶段，然后才开始更激进的牛市。 Lin 表示：“减半后的几周将出现横盘或下降趋势，直到 BTC 突破之前的高点（目前为 73,600 点）。” “最近的支撑位继续保持在 60,000 点水平。”

Market analyst TradingShot echoed this sentiment, stating that Bitcoin's recent price action resembles historical patterns. "Bitcoin has successfully tested and held the Mayer Multiple (MM) Mean and is now consolidating," said TradingShot. "This is the point where historically the most aggressive part of the Bull Cycle begins."

市场分析师 TradingShot 呼应了这种观点，表示比特币最近的价格走势类似于历史模式。 TradingShot 表示：“比特币已成功测试并保持了梅耶多重 (MM) 均值，目前正在盘整。” “从历史上看，这是牛市周期中最具侵略性的部分开始的时刻。”

基于斐波那契扩展原理，TradingShot大胆预测本周期比特币高点可能达到300,000美元。

基于斐波那契扩展原理，TradingShot大胆预测本周期比特币高点可能达到300,000美元。

Broader Crypto Market Developments

更广泛的加密市场发展

While Bitcoin's price action has taken center stage, the broader crypto market has witnessed a mix of developments. "We received positive news about the crypto ETF approval in Hong Kong, which will likely start trading on April 30," said Lin. "On the other hand, in the U.S., federal authorities have arrested the two co-founders of the Samourai wallet, a Bitcoin wallet service, on money laundering charges."

尽管比特币的价格走势已成为焦点，但更广泛的加密货币市场却出现了多种发展。 Lin 表示：“我们收到了有关加密 ETF 在香港获得批准的积极消息，该 ETF 可能会在 4 月 30 日开始交易。” “另一方面，在美国，联邦当局以洗钱罪名逮捕了比特币钱包服务 Samourai wallet 的两位联合创始人。”

Macroeconomic Factors and Market Volatility

宏观经济因素和市场波动

The crypto market remains susceptible to macroeconomic factors, and investors will be closely watching the release of significant U.S. economic data on Thursday and Friday. The GDP growth rate on Thursday came in below expectations, and the CPE Price Index is expected on Friday. How US equities react to these data will, in turn, impact the crypto market.

加密市场仍然容易受到宏观经济因素的影响，投资者将密切关注周四和周五公布的美国重要经济数据。周四的 GDP 增长率低于预期，周五的 CPE 价格指数预计。美国股市对这些数据的反应反过来将影响加密货币市场。

Lin anticipates Bitcoin's price action to remain volatile while ranging sideways in the near term. "Currently, 60,000 and 67,500 remain the two important levels to watch. A break of either will give us a clearer picture of what to expect next," she concluded.

林预计比特币的价格走势将在短期内保持波动，同时横盘整理。 “目前，60,000 和 67,500 仍然是值得关注的两个重要水平。突破其中任何一个都将使我们更清楚地了解接下来会发生什么，”她总结道。

Conclusion

结论

The post-halving trading environment for Bitcoin remains uncertain, with investors awaiting a clear market catalyst. Outflows from U.S.-listed spot Bitcoin ETFs have dampened price momentum, while analysts observe historical patterns that suggest the potential for a more aggressive bull run. The broader crypto market is experiencing mixed developments, and macroeconomic factors continue to exert influence. Investors are advised to exercise caution while monitoring the situation closely.

比特币减半后的交易环境仍然不确定，投资者等待明确的市场催化剂。美国上市现货比特币 ETF 的资金流出削弱了价格势头，而分析师观察到的历史模式表明，可能会出现更激进的牛市。更广泛的加密市场正在经历复杂的发展，宏观经济因素继续发挥影响。建议投资者谨慎行事，密切关注事态发展。