美国庞大的美国财政市场移动引起交易者的关注，潜在的溢出到加密货币

债券收益率是峰值；美元正在摇摆，交易者现在也期望进入加密货币市场。

Sharp moves in the US economy following President Trump’s tariff announcements have captured trader attention. Bond yields are spiking, the dollar is wobbling, and traders are now expecting a spillover into the crypto market as well.

在特朗普总统的关税公告引起了交易者的关注之后，美国经济的急剧搬迁。债券收益率正在飙升，美元正在摇摆，交易者现在也期望进入加密货币市场。

On April 2, Trump called for a blanket 10% tariff on all US imports. Although he softened his tone and stance later in the week, the message to markets was clear: global trade tensions are back on the table with China facing 125% tariffs. The announcement set off rapid selling in US Treasuries, pushing the benchmark 10-year yield up by a considerable 50 basis points within days.

4月2日，特朗普呼吁对所有进口商品征收10％关税。尽管他在本周晚些时候软化了自己的语调和立场，但向市场的信息很明显：全球贸易紧张局势又回到了桌面上，中国面临125％的关税。该公告引发了美国国债的快速销售，在几天内将基准的10年收益率提高了50个基点。

Good luck explaining how #Trump panicked and suspended #tariffs for 90 days because the US bond market had been collapsing for 48 hours and was headed towards catastrophe.

祝您好运，解释了#Trump如何惊慌失措90天，因为美国债券市场已经崩溃了48小时，并朝着灾难往返。

Half the country still think tariffs are fees paid by one government to another. #TrumpTariffs #BondMarket pic.twitter.com/33KkfyXZoW

一半的国家仍然认为关税是一个政府向另一个政府支付的费用。 #trumptariffs #bondmarket pic.twitter.com/33kkfyxzow

Related: Congress Puts Foot Down: Trump Signs Bill Overruling IRS on DeFi

相关：国会放下脚步：特朗普签署法案覆盖了国税局

Market Reactions: Kashkari Notes Investor Pullback, Fed Holds Steady

市场反应：Kashkari指出投资者的回调，美联储保持稳定

This is one of the sharpest moves in recent decades. Minneapolis Fed President Neel Kashkari commented on the fallout, noting that international investors are “pulling back from US assets.” This is a sign that America’s reputation as a safe haven may be faltering.

这是近几十年来最敏锐的举动之一。明尼阿波利斯美联储主席尼尔·卡什卡里（Neel Kashkari）对此表示了评论，并指出国际投资者正在“退回美国资产”。这表明美国作为避风港的声誉可能正在步履蹒跚。

Interestingly, the Federal Reserve has chosen to stay on the sidelines, signaling no urgency to adjust rates despite the volatility.

有趣的是，美联储选择留在场上，这表明尽管有波动性，但没有紧迫地调整费率。

Related: MAGA: Make Markets Awlible Again? Trump Delivers Historic Market Losses

相关：Maga：使市场再次震撼吗？特朗普带来历史性的市场损失

A Double-Edged Sword for Crypto: Bull & Bear Cases Emerge

加密货币的双刃剑：Bull＆Bear Case出现

With the US Dollar weakening and bond-yield spiking, there are two scenarios that could present itself for the crypto market:

随着美元削弱和债券收益的峰值，有两种情况可以为加密市场展示：

The Bullish Argument:

看涨的论点：

The Bearish View:

看跌的观点：

Bond-Yield Soars, Market Cap Analysis and Targets

债券收益飙升，市值分析和目标

The current total crypto market cap is hovering at approximately $2.64 trillion, slightly above the 0.618 Fibonacci retracement level ($2.64 trillion), a crucial resistance point. Holding this level is very important.

目前的加密市政上限悬停在约2.64万亿美元，略高于0.618的斐波那契回缩水平（2.64万亿美元），这是一个重要的阻力点。保持这一水平非常重要。

Also, a break above $2.75 trillion, which aligns with the 0.786 Fib level, could signal renewed momentum and open the path to $2.85 trillion and beyond, potentially confirming the bottom.

同样，超过2.75万亿美元的中断，与0.786的FIB水平保持一致，可能会发出更新的动量，并为2.85万亿美元及以后的道路打开路径，并有可能确认底部。

Meanwhile, the MACD indicator shows signs of a bullish crossover, with the histogram flipping green and momentum shifting favorably. A short-term rally could be brewing.

同时，MACD指示器显示了看涨跨界的迹象，直方图翻转绿色和动量转移有利。短期集会可能正在酿造。

However, a failure to hold current levels, particularly a drop below the 0.5 Fib level (—$2.52 trillion), could see the market revisit lower support zones near the recent cycle low of $2.3 trillion.

但是，未能保持当前水平，尤其是低于0.5 fib水平的下降（2.52万亿美元），可能会使市场重新访问较低的支撑区域，接近最近周期的较低周期低于2.3万亿美元。

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