随着比特币像宏观经济风暴中的船一样摇摆，$ 84,000的门槛成为阻力的象征。

3月28日发布的美国个人消费支出（PCE）的最新数据向市场欣喜地注入了一系列鲜明的现实主义。

The latest Personal Consumption Expenditures (PCE) data from the U.S., published on Tuesday, March 28, injected a stark dose of realism into the market euphoria.

3月28日星期二发布的美国最新个人消费支出（PCE）数据将现实主义的鲜明剂量注入了市场欣快。

As Bitcoin shivers like a ship in a macroeconomic storm, the threshold of $84,000 becomes a symbol of resistance.

随着比特币像宏观经济风暴中的船一样发抖，$ 84,000的门槛成为抵抗的象征。

PCE: A blow to crypto optimism

PCE：对加密乐观的打击

Despite declining inflation in the euro zone, the PCE figures for February in the United States had the effect of a cold wake-up call.

尽管欧元区的通货膨胀率下降，但2月在美国的PCE数字却发出了冷唤醒的影响。

Market expectations were met, with a monthly inflation rate of 0.3% and an annual increase of 2.5%.

满足市场预期，每月通货膨胀率为0.3％，每年增加2.5％。

But the devil is in the details: the core PCE, the Fed’s preferred indicator, exceeded forecasts by 0.1% on both scales. A subtle push, but enough to reignite fears of prolonged tightening.

但是魔鬼在细节中：核心PCE是美联储的首选指标，在两个尺度上都超过了0.1％的预测。一个微妙的推动力，但足以重新激发人们对长时间收紧的恐惧。

“Underlying inflation is rising again,” alerts The Kobeissi Letter on X.

“潜在通货膨胀又上升了，” X上的Kobeissi信提醒。

Worse still: January’s data has been revised upwards, tracing a worrying trajectory.

更糟糕的是：一月份的数据已被修改为向上修改，追踪了令人担忧的轨迹。

Some analysts even mention a stagflation scenario for 2025, a toxic mix of economic stagnation and rising prices.

一些分析师甚至提到了2025年的停滞状况，这是经济停滞和价格上涨的有毒混合。

A context where Bitcoin, often seen as an anti-inflationary shield, appears paradoxically vulnerable.

比特币通常被视为反向发射屏蔽的上下文似乎在矛盾的是脆弱的情况下。

The PCE numbers come at a time when the market is already battered by macroeconomic headwinds.

PCE数字是在市场已经受到宏观经济逆风袭击的时候。

The market reaction was immediate. BTC/USD plunged below $84,500 on Bitstamp, its lowest level in a week.

市场反应是立即的。 BTC/USD在Bitstamp上的价格低于84,500美元，这是一周内的最低水平。

A 3% drop in just a few hours, reminding that cryptocurrencies do not sail outside of economic realities.

在短短几个小时内下降了3％，提醒加密货币不会在经济现实之外航行。

For investors, the message is clear: the Fed may delay its rate cuts, extending the liquidity winter.

对于投资者而言，信息很明确：美联储可能会推迟其降低税率，从而扩大流动性冬季。

$84,000: A high-risk psychological support for Bitcoin

$ 84,000：对比特币的高风险心理支持

In this uncertain landscape, the threshold of $84,000 becomes a front line.

在这种不确定的景观中，$ 84,000的门槛成为前线。

Michaël van de Poppe, a renowned analyst, summarizes the stakes:

著名分析师MichaëlVande Poppe总结了赌注：

“If it breaks below $84,000, a test of $78,000–80,000 is likely.”

“如果打破84,000美元以下，则可能需要$ 78,000–80,000的测试。”

A scenario that would plunge Bitcoin back to its February lows, erasing weeks of consolidation.

一种将比特币倒入2月低点的情况，删除了数周的合并。

Yet, not everyone sees the glass as half empty.

但是，并不是每个人都把玻璃杯视为一半空。

For Daan Crypto Trades, this volatility is typical of a cooling market.

对于Daan加密交易，这种波动率是冷却市场的典型特征。

The RSI (Relative Strength Index) on the 12-hour charts indeed shows a breathlessness, but not yet a collapse.

12小时图表上的RSI（相对强度指数）确实显示出呼吸困难，但尚未崩溃。

Others, like TheKingfisher, mention a seasonal reset, anticipating the famous “sell in May and go away”. An age-old strategy that could weigh on prices in the weeks to come.

其他人，例如thekingfisher，提到了季节性的重置，预计著名的“卖出五月卖”。一个古老的策略，可能会在未来几周内权衡价格。

But Bitcoin has always played with paradoxes. Despite headwinds, it maintains an overall upward trend since January.

但是比特币一直玩悖论。尽管受到逆风，但自1月以来，它仍然保持着整体上升趋势。

Spot ETFs, institutional purchases, and the upcoming reduction in mining rewards (halving) remain underestimated catalysts.

现货ETF，机构购买以及即将到来的采矿奖励（减半）仍然低估了催化剂。

However, the market seems caught between two fires: the hope for a new ATH (All-Time High) and the fear of a deep correction.

但是，该市场似乎在两次火灾之间陷入困境：新ATH（历史最高水平）的希望和对更正的恐惧。