在世界上的地理政治和经济紧张局势中，比特币（BTC）的价格行动可能基于虚假乐观

在世界上的地理政治和经济紧张局势中，加密价格一直在感受到高温。在这种情况下，美国 - 中国对峙具有附加的复杂性。

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经济紧张局势中，加密价格一直在感受到高温。在这种情况下，美国 - 中国对峙具有附加的复杂性。

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

也就是说，美国总统特朗普对关税的支持对于将比特币和整体加密货币从放克推出至关重要。

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，最新的恢复可能是基于错误的乐观情绪。它有可能侵蚀最近的收益。

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与中国进行会谈以谈判较低的关税之后，最新的比特币价格集会开始。但是，中国最近对这些主张提出了异议，表明没有这样的谈判正在审理中。

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，这种启示会破坏最近的市场复苏吗？尽管如此，在过去的3天中，比特币的看涨势头大大减慢了。观察时的每周高点至60次，其每周的高点至60个，这也是如此的特征。

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.

尽管情绪略有下降，但市场仍然表现出韧性。但是，短期内比特币公牛的命运可能会倾向于不确定性。特别是随着两个贸易巨人之间的紧张局势加剧。

Will BTC Price Pivot Under the Weight of Economic Uncertainty?

BTC的价格会在经济不确定性的重量下枢纽吗？

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.

比特币（BTC USD）情绪进一步下降可能会伴随着回撤，尤其是在关税情况恶化的情况下。特别是考虑到过去的关税升级对投资者的情绪及其投资决策产生了明显影响。

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，在过去的3天中，比特币的上行空间大大放缓。这是一个重要的观察结果，因为价格还推向了高于95,000美元价格水平的短期阻力区。

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.

比特币价格动作以前在3月初在同一价格区域遇到了阻力。此外，在观察时，价格正在蔓延到超买的领土。

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.

比特币点流数据表明，过去3天发生了一些利润。加密货币总共经历了价值7.9168亿美元的现货流出。

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

但是，值得注意的是，比特币鲸和机构对加密货币表现出积极的兴趣。

Why Bitcoin Demand Remained Strong Despite Trump’s Bluff

尽管特朗普的虚张声势，为什么比特币需求仍然强劲

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.

尽管在最近价格水平上出现看跌枢轴的潜力升高，但市场数据表明需求强劲。例如，在过去的24小时内，交换流入和流出之间的差距继续扩大，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.

过去24小时的交换流入盘旋为$ 56,981，BTC Wile流出量高显着高，为90,998 BTC。换句话说，交换流量明显高于卖出压力。

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.

该观察结果表明，对市场仍然充满信心。但这可能不一定是保证更高空间。

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

缺乏美中的交易无疑使人们厌倦了情绪，而且没有比比特币ETF流动更明显的。

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.

周五观察到只有价值3190万美元的积极流入ETF。这是一周内观察到的最低流入。结果表明，鉴于最近的信息，机构可能会稍微退缩以评估需求状况以及宏观经济的前景。

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.

那么，为什么机构还没有开始销售呢？答案可以隐藏在过去的结果中。过去，比特币新闻引发了特定的市场反应，只是让新闻在几天后出现虚假的市场反应。

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，实际的新闻通常在几天之内进一步打入市场，从而验证了最初的举动。一些分析人士认为，这种情况可能是BTC的持续情况，而特朗普的柔和立场仍然可以支持更有利的市场环境。

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，市场参与者仍在等待查看敲门效应是否仍然可以在市场的复苏中占有沉重的帮助。