即使美国股票，原油和债券收益率跌落，加密市场也表现良好

比特币的价格在80000美元和90000美元之间的支持和电阻水平之间波动。以太坊（ETH）徘徊在$ 1800左右

The crypto market has performed relatively well this week even as US stocks, crude oil, and bond yields plunged, and the fear and greed index fell to the lowest level in years.

即使美国的股票，原油和债券收益率下降，加密市场的表现相对较好，而多年来的恐惧和贪婪指数下降到了最低水平。

Bitcoin’s price has fluctuated between the support and resistance levels of $80,000 and $90,000. Meanwhile, Ethereum (ETH) has hovered around $1,800, while Cardano (ADA) and Binance Coin (BNB) have stalled at $0.66 and $600, respectively.

比特币的价格在80,000美元和90,000美元的支持水平和阻力水平之间波动。同时，以太坊（ETH）的盘旋约为1,800美元，而Cardano（ADA）和Binance Coin（BNB）分别停滞了0.66美元和600美元。

However, Bitcoin and other altcoins face a crucial risk as the blue-chip S&P 500 and Nasdaq 100 indices approach their death crosses. A death cross is a technical analysis term that occurs when a short-term moving average crosses below a long-term moving average, often indicating a potential downturn.

但是，随着蓝筹S＆P 500和纳斯达克100指数接近他们的死亡交叉，比特币和其他山寨币面临着重要的风险。死亡十字架是一个技术分析术语，当短期移动平均平均线越过长期移动平均线以下时，它通常表明潜在的衰退。

The chart below shows that the spread between the 50-day and 200-day moving averages has narrowed significantly in the past few days as the stock market tumbled. A death cross is one of the riskiest patterns in the market, as it usually leads to more sell-offs.

下图显示，在过去几天，随着股票市场的跌落，在过去几天中，50天和200天的移动平均值的差异大大缩小。死亡十字架是市场上最危险的模式之一，因为它通常会导致更多的抛售。

A death cross in the stock market could trigger panic-selling among investors in various asset classes, including cryptocurrency. This would affect Bitcoin and other altcoins like ADA, BNB, and ETH prices. Others like TON, SHIB, and XRP would also be affected.

股票市场的死亡十字架可能会引发各种资产类别（包括加密货币）的投资者的恐慌。这将影响比特币和其他Altcoins，例如ADA，BNB和ETH价格。诸如Ton，Shib和XRP之类的其他人也会受到影响。

However, there are two potential catalysts that may help prevent more downward trends for stocks and crypto for now.

但是，目前有两种潜在的催化剂可能有助于防止股票和加密货币的下降趋势。

First, Donald Trump needs to eat his humble pie and show flexibility on tariffs. He will likely implement this if the stock market continues falling and his approval rating plummets.

首先，唐纳德·特朗普（Donald Trump）需要吃掉他的卑鄙派，并在关税上表现出灵活性。如果股市继续下跌，他的批准率下降，他可能会实施这一点。

A sign of flexibility would likely lead to animal spirits among investors and trigger more gains in the stock and crypto market.

灵活性的迹象可能会导致投资者的动物精神，并引发股票和加密货币市场的更多收益。

The other catalyst would come from a Federal Reserve intervention. On this, the Fed, sensing a recession, may opt to intervene by making a jumbo interest rate cut and even initiate quantitative easing policies. Donald Trump has already urged Powell to consider this action, stating:

另一个催化剂将来自美联储干预。在这方面，感知衰退的美联储可以选择通过降低巨型利率，甚至启动定量宽松政策来进行干预。唐纳德·特朗普（Donald Trump）已经敦促鲍威尔（Powell）考虑这一行动，并指出：

“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%”

“对于美联储主席杰罗姆·鲍威尔（Jerome Powell）降低利率的绝佳时机。他总是“迟到”，但他现在可以改变自己的形象，并且很快。能源价格下降，利率下降，通货膨胀率下降，即使鸡蛋也下降了69％”

Signs that the bank will implement these policies would also lead to more demand for risky assets, including altcoins like ETH, ADA, and Binance Coin.

银行将执行这些政策的迹象也将导致对风险资产的需求，包括ETH，ADA和Binance Coin等山庄。