比特幣飆升超過$ 87,000，隨著更廣泛的市場重新開放，延長了收益

數字資產的舉動隨後進行了三個緊密的鞏固，與巨大的美元弱點和創紀錄的集會相吻合。

Bitcoin price extended gains during early Asia trading on Monday, surging above $87,000 as broader markets reopened following a flat session throughout the Easter holiday closure.

週一，在亞洲早期交易中，比特幣的價格延長了，隨著整個複活節假期結束的持平會議，更廣泛的市場飆升了87,000美元。

The digital asset’s move came after three sessions of tight consolidation, coinciding with broad dollar weakness and a record-setting rally in gold.

數字資產的舉動是在三個緊密整合的會議之後進行的，與巨大的美元弱點和創紀錄的集會相吻合。

BTC/USD rose from around $84,450 to an intraday high of nearly $87,650 within three hours, breaking above a multi-day falling wedge pattern. Bitcoin was trading at nearly $87,640 at the time of publication, according to TradingView data.

BTC/USD在三個小時內從84,450美元上升至近87,650美元的盤中高點，超過了多日下降楔形圖案。根據TradingView數據，在出版時，比特幣的交易價格為87,640美元。

The breakout unfolded during low-liquidity conditions in early Asia hours, with the dollar index (DXY) falling to its lowest level since 2021.

突破在亞洲早期的低流動性條件下展開，美元指數（DXY）降至2021年以來的最低水平。

This coincided with growing speculation around the potential removal of Federal Reserve Chair Jerome Powell.

這與越來越多的猜測有關撤職杰羅姆·鮑威爾（Jerome Powell）的潛在猜測。

As ZeroHedge reported, comments made Friday by National Economic Council Director Kevin Hassett, who stated that “the president and his team will continue to study” options regarding Powell’s position, were cited by traders as a catalyst for the dollar’s decline.

正如Zerohedge報導的那樣，國家經濟委員會主任凱文·哈塞特（Kevin Hassett）週五發表了評論，他說“總統及其團隊將繼續研究鮑威爾的立場”，並被交易員列為鮑威爾的立場，以此作為美元下降的催化劑。

Dollar weakness triggers haven flows

美元弱點觸發天堂流

The dollar’s rapid decline, unfolding while several global markets remained closed, drove demand toward both traditional and digital stores of value.

美元的迅速下降，在幾個全球市場保持關閉的同時的迅速下降，將需求推向了價值的傳統和數字存儲。

Gold prices rose to an all-time high of $3,391.62 during the same session, registering a 2.4% gain. Per Reuters, the move marked the metal’s most substantial single-day rally in months.

在同一會議期間，黃金價格上漲至3,391.62美元，增長2.4％。每位路透社，此舉標誌著金屬在幾個月內最重要的單日集會。

Digital gold in the form of Bitcoin rose in tandem, diverging from recent behavior, when both assets had moved inversely to the 10-year U.S. Treasury note. Notably, bond prices fell Monday; the US10 and CN10 plots on the chart represent bond prices, not yields, implying a concurrent rise in long-dated yields.

比特幣形式的數字黃金串聯上升，與最近的行為不同，當時兩種資產都逐漸轉移到美國的10年美國財政部票據。值得注意的是，債券價格週一下跌；圖表上的US10和CN10圖代表債券價格，而不是收益率，這意味著長期產量的同時增加。

The Kobeissi Letter reported,

Kobeissi信件報導說，

“The narrative in both Gold and Bitcoin is aligning for the first time in years:

“黃金和比特幣中的敘述是多年來首次保持一致的：

Gold and Bitcoin are telling us that a weaker US Dollar and more uncertainty are on the way.”

黃金和比特幣告訴我們，較弱的美元和更多的不確定性正在途中。 ”

The combination of a falling dollar, climbing yields, and soaring gold presents a scenario where Bitcoin is being repriced in light of perceived instability in traditional financial instruments.

跌落的美元，攀爬產量和高聳的黃金的結合呈現出一種場景，鑑於傳統金融工具中認為不穩定的不穩定，比特幣正在重新定位。

As ZeroHedge framed it, the alignment of gold and Bitcoin strength during a period of fiat stress may reflect “a regime shift” where digital assets are increasingly treated as monetary hedges.

當零黑眼所構架時，在菲亞特壓力時期，黃金和比特幣強度的對準可能反映了“政權轉移”，在這種情況下，數字資產越來越多地將其視為貨幣對沖。

Broader market divergence

更廣泛的市場差異

Equity markets opened weaker despite haven strength. The S&P 500 futures fell 1.54% in Monday’s early session, erasing late-week gains. Oil markets also declined, with WTI crude down more than 3%, trading close to the session low at around $62.83.

儘管避風港實力，股票市場的開放較弱。標準普爾500年期貨在周一的早期會議上下跌了1.54％，從而消除了深夜的收益。石油市場也下降了，WTI原油下跌了3％以上，交易接近較低的會議低約62.83美元。

This divergence between traditional risk assets and alternative stores of value mirrors conditions observed during other periods of monetary uncertainty.

傳統風險資產與價值的替代存儲之間的這種差異反映了其他貨幣不確定性期間觀察到的條件。

Gold and Bitcoin rising together while bond prices fall and equity indices slip suggests positioning away from rate-sensitive assets and into instruments perceived as politically insulated.

黃金和比特幣一起上升，而債券價格下跌，股票指數滑倒表明將其脫離利率敏感的資產，並進入被認為是政治上絕緣的工具。

Per ZeroHedge, the dollar’s descent may not stabilize quickly. If central banks like the Bank of Japan and European Central Bank respond with easing measures to counter their own currency strength, further dollar pressure could ensue.

根據零黑眼，美元的下降可能不會迅速穩定。如果像日本銀行和歐洲中央銀行這樣的中央銀行採取緩解措施以應對自己的貨幣實力做出反應，那麼可能會進一步的美元壓力。

In such an environment, Bitcoin may continue to decouple from rate-based instruments and track more closely with physical commodities like gold.

在這樣的環境中，比特幣可能會繼續與基於費率的工具解散，並與黃金等物理商品更緊密地跟踪。

Structural implications

結構含義

The correlation breakdown between Bitcoin and traditional macro proxies poses questions around portfolio allocation and asset classification.

比特幣與傳統宏代理之間的相關性分解提出了有關投資組合分配和資產分類的問題。

With bond prices and equities sliding while gold and Bitcoin rally, traders may begin to recalibrate how digital assets are categorized in cross-asset frameworks.

隨著債券價格和股票的滑動，黃金和比特幣集會，交易者可能會開始重新校準數字資產如何在交叉資料框架中分類。

This move follows weeks of gradual decorrelation between Bitcoin and the DXY, as observed through 30-day rolling correlation metrics.

這一舉動是在比特幣和DXY之間逐漸去相關的數週之後，如30天的滾動相關指標所觀察到的那樣。

Should this continue, Bitcoin will shed its perception as a tech-aligned risk asset and become more of a monetary hedge with characteristics similar to commodities.

如果繼續這樣做，比特幣將把其視為一項技術一致的風險資產，並成為具有類似商品特徵的貨幣對沖。

The political dimension also plays a role. While previous episodes of Trump-Fed tensions triggered temporary volatility, the current episode features open discussion of potential Federal Reserve leadership changes. This could influence market pricing of future rate decisions and broader monetary policy expectations, both of which have implications for crypto markets.

政治維度也起著作用。雖然以前的特朗普餵養緊張局勢引發了暫時的波動，但當前情節以對潛在的美聯儲領導力變化進行了公開討論。這可能會影響未來利率決策和更廣泛的貨幣政策期望的市場定價，這兩者都對加密市場有影響。

As trading resumes fully across regions, Bitcoin’s behavior near the $88,400 resistance band will offer further clarity. Sustained strength above this level could attract systematic flows and spur algorithmic buying. Conversely, failure to hold above the breakout zone may expose the asset to return toward mid-range levels.

隨著交易在各個地區的全面恢復，比特幣的行為接近88,400美元的阻力頻段將提供進一步的清晰度。持續的強度高於此水平可以吸引系統的流動和刺激算法購買。相反，如果不超過突破區域，則可能會使資產返回到中範圍的水平。

For now, the asset’s performance in a mixed macro environment, displaying decoupling from equities and fixed income, positions it centrally within post-holiday trading narratives.

目前，資產在混合的宏觀環境中的績效，與股票和固定收益的分離，將其集中在節後交易敘事中的位置。