比特币继续螺旋式下降，专家预测进一步下跌

自 3 月中旬以来，比特币的下跌趋势有所加速，经济学家彼得·希夫 (Peter Schiff) 预测，比特币将继续遭受抛售。 Schiff 的分析确定了表明看跌趋势的技术模式，包括潜在颈线在 57,000 美元左右的“头肩”形态，表明下行目标为 54,000 美元。

Bitcoin's Downward Trajectory Continues, Expert Warns of Further Decline

比特币的下行轨迹仍在继续，专家警告称比特币将进一步下跌

New York, NY - Bitcoin (BTC/USD) has been in a sustained downward trend since reaching its peak in mid-March, with the decline accelerating in late April. Crypto skeptic and economist Peter Schiff believes the sell-off could continue, citing technical indicators and market dynamics.

纽约州纽约 - 比特币（BTC/USD）自 3 月中旬达到峰值以来一直处于持续下跌趋势，并在 4 月下旬加速下跌。加密货币怀疑论者和经济学家彼得希夫认为，根据技术指标和市场动态，抛售可能会继续。

Technical Analysis Raises Red Flags

技术分析发出危险信号

On Wednesday, Schiff shared a short-term candlestick chart of Bitcoin on X (formerly Twitter), highlighting a technical pattern suggestive of a potential bearish trend. He noted that the previous support level of $60,000 is now acting as resistance. Additionally, he identified a possible "head-and-shoulders" pattern forming under $60,000, with a neckline around $57,000.

周三，希夫在 X（以前称为 Twitter）上分享了比特币的短期烛台图，强调了暗示潜在看跌趋势的技术模式。他指出，之前的支撑位 60,000 美元现在成为阻力位。此外，他还发现了 60,000 美元以下可能形成的“头肩顶”形态，颈线约为 57,000 美元。

A head-and-shoulders pattern is a technical indicator used to identify potential trend reversals. It consists of three peaks: a middle peak (the "head") that is higher than the two outer peaks (the "shoulders"). A confirmed head-and-shoulders pattern suggests that an upward trend is nearing its end and a downward trend may begin.

头肩形态是一种用于识别潜在趋势反转的技术指标。它由三个峰组成：中间的峰（“头”）高于两个外峰（“肩”）。确认的头肩形态表明上升趋势已接近尾声，下降趋势可能开始。

Head-And-Shoulders Pattern: A Potential Bearish Indicator

头肩形态：潜在的看跌指标

"The downside objective is $54K," Schiff posted on X.

“下行目标是 5.4 万美元，”Schiff 在 X 上发布。

The emergence of a head-and-shoulders pattern adds weight to Schiff's bearish outlook. If confirmed, this pattern would indicate a significant reversal in Bitcoin's price trajectory.

头肩顶形态的出现增强了希夫的看跌前景。如果得到证实，这种模式将表明比特币价格轨迹发生重大逆转。

Post-ETF Approval Surge Fails to Sustain

ETF 上市后审批激增未能持续

Bitcoin enjoyed a significant rally following the approval of spot Bitcoin ETFs in late 2021. After a period of consolidation, the price surged to an all-time high of $73,750.07 on March 14th. Since then, it has been in a broad consolidation phase, with the recent downward trend emerging.

2021 年底现货比特币 ETF 获得批准后，比特币大幅上涨。经过一段时间的盘整，价格于 3 月 14 日飙升至 73,750.07 美元的历史新高。此后，它一直处于广泛的盘整阶段，最近出现了下降趋势。

Factors Influencing Price Movement

影响价格变动的因素

The Federal Reserve's decision on Wednesday to maintain interest rates impacted Bitcoin's price. The pause in rate hikes strengthened the U.S. dollar, which weakened Bitcoin as it is denominated in dollars. Conversely, future signs of potential rate cuts by the Federal Reserve could translate to Bitcoin gaining strength.

美联储周三维持利率的决定影响了比特币的价格。暂停加息使美元走强，从而削弱了以美元计价的比特币。相反，美联储未来可能降息的迹象可能会转化为比特币的走强。

Diverging Opinions: Bears and Bulls

意见分歧：空头和多头

While detractors like Schiff take a bearish stance on Bitcoin's short-term outlook, proponents remain optimistic. Ark Investment Management CEO Cathie Wood predicts a long-term price surge, with Bitcoin potentially reaching $3.8 million by 2030.

尽管像希夫这样的批评者对比特币的短期前景持悲观立场，但支持者仍然保持乐观。 Ark Investment Management 首席执行官 Cathie Wood 预测，比特币价格将长期飙升，到 2030 年，比特币价格可能会达到 380 万美元。

In the face of this uncertainty, some analysts, like Ali Martinez, see an opportunity to buy the current dip. Using the market-value to realized-value ratio – MVRV, an on-chain indicator to study aggregate investor behaviors as price moves to/from their cost basis – he said the 30-day MVRV was at a negative 11.6%.

面对这种不确定性，阿里·马丁内斯等一些分析师看到了逢低买入的机会。他使用市场价值与实现价值之比（MVRV），这是一个链上指标，用于研究价格变动至/偏离成本基础时投资者的总体行为——他表示 30 天 MVRV 为负 11.6%。

"The last three times the #Bitcoin 30-day MVRV dropped below -9% in the last two years, the price of $BTC surged by 64%, 63%, and 99%, respectively," he noted.

他指出：“过去两年中，#Bitcoin 30 天 MVRV 曾三次跌破 -9%，而 BTC 的价格分别飙升了 64%、63% 和 99%。”

Price Action: Bitcoin Continues to Dip

价格走势：比特币继续下跌

Bitcoin was trading 4% down at $57,630 at around 3 am ET, according to data from Benzinga Pro.

根据 Benzinga Pro 的数据，截至美国东部时间凌晨 3 点左右，比特币价格下跌 4%，至 57,630 美元。

Conclusion

结论

Bitcoin's downward trajectory continues, with technical indicators and market dynamics raising concerns among investors. While some proponents remain optimistic about the long-term price potential, others warn of further declines in the near term. Investors should carefully consider the risks and potential rewards before making investment decisions.

比特币的下行轨迹仍在继续，技术指标和市场动态引起了投资者的担忧。虽然一些支持者对长期价格潜力仍持乐观态度，但其他人则警告短期内价格会进一步下跌。投资者在做出投资决定之前应仔细考虑风险和潜在回报。