可靠的经济指标铜正在接近创纪录的高点，这可能是比特币（BTC）的看涨。

经验丰富的加密货币交易者可能会回想起比特币（BTC）和铜表现出强烈的正相关的时期，并可能迅速得出了最近在红色金属中的集会中得出的看涨结论。

Copper prices are nearing record highs again, a development that seasoned crypto traders may quickly draw bullish conclusions from, especially considering periods when bitcoin (BTC) and copper exhibited a strong positive correlation.

铜价再次接近创纪录的高点，经验丰富的加密货币交易者可能会迅速得出看涨的结论，尤其是考虑到比特币（BTC）和铜表现出强烈的正相关的时期。

To be precise, copper's year-to-date increase of 12% to $5.10 per pound on COMEX has been driven by President Donald Trump's trade tariffs, which pose risks to both the U.S. and global economies. These aggressive policy moves likely led the Federal Reserve to lower growth forecasts while raising inflation projections this week.

确切地说，COMEX的铜从少年提高到每磅5.10美元的增长是由唐纳德·特朗普总统的贸易关税驱动的，唐纳德·特朗普的贸易关税对美国和全球经济体构成了风险。这些积极的政策举动可能导致美联储在本周提高通货膨胀预测的同时，降低了增长预测。

"Copper is up around 12% so far this year, driven mostly by uncertainty over Trump's trade policies. Tariff news is likely to continue to dictate price direction in the months ahead," analysts at ING said in a note to clients on March 18.

Ing分析师在3月18日向客户的一份报告中说：“今年迄今为止，铜的上升幅度约为12％，这主要是由于特朗普的贸易政策不确定性。关税新闻可能会在未来几个月内继续决定价格方向。”

However, the latest copper rally is being fueled by factors other than positive cues from global economy, warranting caution while viewing it as a bullish indicator for risk assets, including BTC.

但是，最新的铜集会是由全球经济的积极线索以外的其他因素所推动的，在将其视为包括BTC在内的风险资产的看涨指标时，请谨慎行事。

Moreover, BTC's best years have been characterized by a rally in the copper-gold ratio, which is beginning to rise again after a period of decline.

此外，BTC最好的年份的特征是铜金比的集会，在一段时间后，铜金的比率又开始上升。

The Aussie dollar-U.S. dollar exchange rate has been moving sideways and down, which is another factor that suggests the ongoing copper rally is not bullish for risk assets.

Aussie Dollar-US美元的汇率一直在侧面和下降，这是另一个因素表明，正在进行的铜集会并不对风险资产看涨。

Australia is the world's 7th largest producer of copper and the 3rd largest exporter of copper. As such, the AUD and copper prices have historically boasted a correlation coefficient of over 0.80. But it's not working this time, probably due to the tariffs-led surge in copper.

澳大利亚是世界第七大铜生产国，也是铜的第三大出口商。因此，AUD和铜价历史上的相关系数超过0.80。但这这次可能无法正常工作，这可能是由于铜的关税领导的激增。

Another factor that could be supportive of bitcoin and risk-taking in general is the recent China stimulus. The world's factory is also the largest importer of commodities.

总体而言，可能支持比特币和冒险的另一个因素是最近的中国刺激。全球工厂也是商品的最大进口商。

Earlier this week, Beijing announced its most potent plan in decades to boost domestic consumption as it battles external uncertainties posed by Trump's tariffs. The plan noted a direct link between consumption, affordable childcare and the country’s long-running property crisis.

本周早些时候，北京宣布了数十年来最有力的计划，以促进国内消费，因为它与特朗普的关税构成的外部不确定性作斗争。该计划指出，消费，负担得起的育儿和该国长期运行的财产危机之间的直接联系。

"The policy package includes efforts to increase household income, spur spending, and support population growth. Fresh data was also released for the first two months of the year showing Chinese consumption, investment and industrial production exceeding estimates," ING analysts said.

ING分析师说：“政策方案包括提高家庭收入，刺激支出和支持人口增长的努力。一年中的头两个月还发布了新的数据，显示了中国的消费，投资和工业生产超过估计。”