在世界上的地理政治和經濟緊張局勢中，比特幣（BTC）的價格行動可能基於虛假樂觀

在世界上的地理政治和經濟緊張局勢中，加密價格一直在感受到高溫。在這種情況下，美國 - 中國對峙具有附加的複雜性。

Amid geo-political and economic tensions in the world, crypto prices have been feeling the heat. The US-China faceoff comes with an added layer of complexity in this scenario.

在世界上的地理政治和經濟緊張局勢中，加密價格一直在感受到高溫。在這種情況下，美國 - 中國對峙具有附加的複雜性。

That said, US President Trump backing off on tariffs was critical to pushing Bitcoin and overall crypto prices out of a funk.

也就是說，美國總統特朗普對關稅的支持對於將比特幣和整體加密貨幣從放克推出至關重要。

However, recent info reveals that the latest recovery may have been based on false optimism. That it risks possible erosion of recent gains.

但是，最近的信息表明，最新的恢復可能是基於錯誤的樂觀情緒。它有可能侵蝕最近的收益。

The latest Bitcoin price rally kicked off after Trump stated that he was pursuing talks with China to negotiate lower tariffs. However, China recently disputed the claims revealing that no such negotiations were pending.

在特朗普表示他正在與中國進行會談以談判較低的關稅之後，最新的比特幣價格集會開始。但是，中國最近對這些主張提出了異議，表明沒有這樣的談判正在審理中。

But could this revelation undermine the recent market recovery? Nevertheless, Bitcoin’s bullish momentum slowed down considerably in the last 3 days. This was also characterized by a slight market sentiment dip from its weekly high of 72 to 60 at the time of observation.

但是，這種啟示會破壞最近的市場復甦嗎？儘管如此，在過去的3天中，比特幣的看漲勢頭大大減慢了。觀察時的每周高點至60次，其每週的高點至60個，這也是如此的特徵。

The market still showed resilience despite the slight sentiment dip. But, the fate of Bitcoin bulls in the short term could lean towards uncertainty. Especially with tensions rising between the two trade titans.

儘管情緒略有下降，但市場仍然表現出韌性。但是，短期內比特幣公牛的命運可能會傾向於不確定性。特別是隨著兩個貿易巨人之間的緊張局勢加劇。

Will BTC Price Pivot Under the Weight of Economic Uncertainty?

BTC的價格會在經濟不確定性的重量下樞紐嗎？

Further decline in Bitcoin (BTC USD) sentiment will likely be accompanied by a retracement especially if the tariffs situation gets worse. Especially considering that past tariff escalations had a clear impact on investor sentiment and their investment decisions.

比特幣（BTC USD）情緒進一步下降可能會伴隨著回撤，尤其是在關稅情況惡化的情況下。特別是考慮到過去的關稅升級對投資者的情緒及其投資決策產生了明顯影響。

As noted earlier, Bitcoin’s upside slowed considerably in the last 3 days. This is an important observation because price also pushed into a short term resistance zone above the $95,000 price level.

如前所述，在過去的3天中，比特幣的上行空間大大放緩。這是一個重要的觀察結果，因為價格還推向了高於95,000美元價格水平的短期阻力區。

Bitcoin price action previously experienced resistance at the same price zone at the start of March. In addition, price was creeping up overbought territory at the time of observation.

比特幣價格動作以前在3月初在同一價格區域遇到了阻力。此外，在觀察時，價格正在蔓延到超買的領土。

Bitcoin spot flow data indicated that some profit-taking occurred in the last 3 days. The cryptocurrency experienced a total of $791.68 million worth of spot outflows.

比特幣點流數據表明，過去3天發生了一些利潤。加密貨幣總共經歷了價值7.9168億美元的現貨流出。

However, it is worth noting that Bitcoin whales and institutions demonstrated aggressive interest in the cryptocurrency.

但是，值得注意的是，比特幣鯨和機構對加密貨幣表現出積極的興趣。

Why Bitcoin Demand Remained Strong Despite Trump’s Bluff

儘管特朗普的虛張聲勢，為什麼比特幣需求仍然強勁

While potential for a bearish pivot at recent price levels was elevated, market data indicated robust demand. For example, the gap between exchange inflows and outflows continued to widen in the last 24 hours, in favor of more outflows than inflows.

儘管在最近價格水平上出現看跌樞軸的潛力升高，但市場數據表明需求強勁。例如，在過去的24小時內，交換流入和流出之間的差距繼續擴大，而不是流出的流出。

Exchange inflows in the last 24 hours hovered at $56,981 BTC wile outflows were notably higher at 90,998 BTC. In other words, exchange flows signaled significantly higher demand than sell pressure.

過去24小時的交換流入盤旋為$ 56,981，BTC Wile流出量高顯著高，為90,998 BTC。換句話說，交換流量明顯高於賣出壓力。

The observation indicates that there was still a lot of confidence in the market. But it may not necessarily be a guarantee of more upside.

該觀察結果表明，對市場仍然充滿信心。但這可能不一定是保證更高空間。

The lack of a US-China deal has certainly dented sentiment, and nowhere was this more apparent than in Bitcoin ETF flows.

缺乏美中的交易無疑使人們厭倦了情緒，而且沒有比比特幣ETF流動更明顯的。

Only $31.9 million worth of positive flows into ETFs was observed on Friday. This was the lowest inflow observed during the week. An outcome which suggests that institutions pulled back slightly perhaps to assess the demand situation, as well as the macro-economic outlook in light of recent information.

週五觀察到只有價值3190萬美元的積極流入ETF。這是一周內觀察到的最低流入。結果表明，鑑於最近的信息，機構可能會稍微退縮以評估需求狀況以及宏觀經濟的前景。

So, why did institutions not start selling yet instead? The answer could be hidden in past outcomes. There were instances in the past where Bitcoin news triggered a specific market reaction, only for the news to turn out false days later.

那麼，為什麼機構還沒有開始銷售呢？答案可以隱藏在過去的結果中。過去，比特幣新聞引發了特定的市場反應，只是讓新聞在幾天后出現虛假的市場反應。

However, the actual news hits the market further down the road, usually within days, validating the initial move. Some analysts believe that such a scenario could be the ongoing situation with BTC and that Trump’s softer stance could still support a more favorable market environment.

但是，實際的新聞通常在幾天之內進一步打入市場，從而驗證了最初的舉動。一些分析人士認為，這種情況可能是BTC的持續情況，而特朗普的柔和立場仍然可以支持更有利的市場環境。

On the other hand, market participants are still waiting to see whether knock-on effects could still have a heavy hand in the market’s recovery.

另一方面，市場參與者仍在等待查看敲門效應是否仍然可以在市場的複蘇中佔有沉重的幫助。