比特币（BTC）正在进入关键阶段，因为每个经济统计数据都可以改组卡片

在不稳定的加密世界中，每个经济统计数据都可以重塑卡片。在一周内跃升了10％以上之后，比特币进入关键阶段。

In the inherently unstable world of cryptos, every economic statistic can shuffle the cards. After a noteworthy 10 % rally in one week, bitcoin is entering a critical phase with upcoming releases in the United States (inflation, employment, industry) promising to reshape market sentiment.

在固有的不稳定的加密世界中，每个经济统计数据都可以洗牌。在一周内进行了值得注意的10％集会之后，比特币进入了一个关键阶段，即将在美国（通货膨胀，就业，行业）发行，承诺重塑市场情绪。

In a climate already fragile following April’s turmoil, the slightest surprise could reignite volatility or extend consolidation. This week promises to be decisive for BTC's trajectory and investor appetite.

在四月动荡之后，气候已经脆弱的气候中，丝毫惊喜可能会重现波动或扩展整合。本周有望对BTC的轨迹和投资者的胃口决定起决定性作用。

The rally drivers : between massive buying and ETF momentum

拉力赛驱动力：在大量购买和ETF势头之间

After several weeks of volatility, bitcoin has started a strong rebound, driven by a series of positive announcements on the institutional flow front.

经过数周的波动，比特币开始了强劲的反弹，这是在机构流动方面的一系列积极公告的推动下。

Bitcoin's rise could falter if spot buying volumes sharply decrease.

如果现货购买量急剧减少，比特币的上升可能会动摇。

Such a situation could highlight how much the recent ascent is related to massive purchases on the spot market. Among the identified catalysts are notably :

这种情况可以强调最近的上升与现货市场上的大量购买有关。在确定的催化剂中，有明显的催化剂：

These elements allowed bitcoin to reach 95,700 dollars, reconnecting with its highest levels in several weeks.

这些要素使比特币达到95,700美元，在几周内重新连接其最高水平。

The rise relied on an exceptionally favorable environment, marked by a quiet week on the crypto news front and a strong renewed interest in risky assets. However, a quiet week on the crypto news front could result in reduced spot demand.

崛起依赖于一个非常有利的环境，这是加密新闻阵线上安静的一周，并对风险资产产生了强烈的兴趣。但是，在加密新闻方面的一个安静的一周可能导致现场需求减少。

In the absence of new positive catalysts or a continuation of the BTC ETF narrative, buying pressure could weaken, exposing bitcoin to critical tests below 93,000 dollars.

在没有新的阳性催化剂或BTC ETF叙述的延续的情况下，购买压力可能会减弱，将比特币暴露于低于93,000美元的关键测试中。

The impact of US economic data : between caution and consolidation

美国经济数据的影响：谨慎与合并之间

While bitcoin is currently trading in a tight range from 93,000 to 95,500 dollars, attention is now focused on a series of decisive macroeconomic releases for the immediate evolution of the market.

虽然比特币目前的交易量从93,000到95,500美元，但现在关注的关注集中在一系列决定性的宏观经济发行中，以实现市场的立即发展。

Starting April 29, investors will scrutinize the JOLTS report, which will measure job openings and hiring trends in the United States. This data could provide “an insight into how the trade war and tariffs led by the United States are digested by the labor market”, a key element in assessing economic strength.

从4月29日开始，投资者将仔细检查《 JOLTS报告》，该报告将衡量美国的职位空缺和招聘趋势。这些数据可以提供“洞悉美国领导的贸易战争和关税如何被劳动力市场消化”，这是评估经济实力的关键因素。

The next day, the release of the Core PCE, the Federal Reserve’s preferred inflation indicator, will be particularly watched to gauge the future trajectory of US monetary policy.

第二天，将特别关注美联储的首选通货膨胀指标核心PCE的发布，以衡量美国货币政策的未来轨迹。

Then, on May 1st, the ISM Manufacturing PMI will add another layer of information on the state of the already fragile US industrial economy due to trade tensions. Markets could react negatively if the report shows further deterioration of the ISM PMI, reflecting the prevailing nervousness.

然后，在5月1日，ISM制造业PMI将由于贸易紧张局势而添加有关已经脆弱的美国工业经济状况的另一层信息。如果报告显示ISM PMI的进一步恶化，这反映了普遍的紧张情绪，那么市场可能会产生负面反应。

Finally, the official employment report, expected on May 2, could confirm or disprove the thesis of a marked economic slowdown. If these indicators disappoint, they would reinforce investors' cautious trend, triggering a partial disengagement from risky assets like bitcoin.

最后，预计在5月2日的官方就业报告可能会证实或反驳明显的经济放缓的论点。如果这些指标令人失望，它们将加强投资者的谨慎趋势，从而引发像比特币这样的风险资产的部分脱离。

Faced with this high-risk sequence, bitcoin could continue to consolidate around its current levels unless there is a favorable surprise in the economic data. In case of negative confirmations, the initiated bullish momentum could be seriously compromised, making way for increased volatility. Conversely, better figures than expected could provide a breath of fresh air to the market, allowing for a new test of 95,700 dollars or more.

面对这种高风险的序列，除非经济数据有一个有利的惊喜，否则比特币可以继续巩固其当前水平。如果得到负面的确认，则可能严重妥协的看涨势头，这为增加的波动率为空白。相反，比预期的更好的数字可以为市场提供新鲜空气的气息，从而可以进行95,700美元或更多的新测试。

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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. J'ai à coeur de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

我是Alyra发行的区块链顾问认证的科学毕业生，我于2019年加入了Cointribuna冒险。我坚信区块链有可能改变经济的许多部门，我承诺提高认识，并向公众提高人们对这个不断发展的生态系统的认识。我的目标是让每个人都能更好地了解区块链并抓住他们提供的机会。我热衷于对新闻进行客观分析，破译市场趋势，传达最新的技术创新，并透视这项革命的经济和社会问题。