比特币的波动性正在重新铺面

高峰超过84,000美元之后，加密货币在几个小时内下降了3.5％。这种回调使人们担心返回72,000美元

The cryptocurrency market continues to be a subject of heated debate as macroeconomic conditions threaten to exert a critical influence on the price of bitcoin.

加密货币市场继续是激烈辩论的主题，因为宏观经济条件有可能对比特币价格产生关键影响。

After a peak beyond 84,000 dollars, bitcoin has dropped by 3.5% in a few hours. This pullback fuels fears of a return to 72,000 dollars, a scenario that seemed unthinkable not long ago. The cause: uncertain macroeconomic liquidity conditions, which weaken risky assets. Some analysts believe that the market could enter a critical phase, where the evolution of monetary policies and investors’ appetite for risk will be decisive.

在达到84,000美元的高峰之后，比特币在几个小时内下降了3.5％。这种回调使人们担心返回72,000美元，这种情况似乎不久前就无法想象。原因：不确定的宏观经济流动性条件，削弱了风险资产。一些分析人士认为，市场可以进入关键阶段，在这种阶段，货币政策的演变和投资者对风险的需求将是决定性的。

A warning signal on global liquidity

全球流动性的警告信号

The bitcoin market is undergoing a phase of turbulence. After a sharp rejection at the exponential moving average of 200 days, sellers have taken control, resulting in a drop below 84,000 dollars.

比特币市场正处于动荡阶段。在指数式移动平均200天的急剧拒绝之后，卖方控制了控制，导致低于84,000美元。

This correction is set against a broader context, marked by a worrying evolution of macroeconomic liquidity conditions. Analyst Capital Flows indicates on March 27, 2025, on the social network X (formerly Twitter) that if these conditions do not improve, bitcoin could plunge between 72,000 and 75,000 dollars.

这种校正是在更广泛的背景下设定的，以宏观经济流动性条件的令人担忧的演变为特征。分析师资本流量在2025年3月27日在社交网络X（以前是Twitter）上指出，如果这些条件没有改善，则比特币可能会跌落72,000至75,000美元。

Several elements explain this threat of correction:

几个要素解释了这种更正的威胁：

The analyst emphasizes that although the global money supply continues to increase, this does not necessarily mean that flows into bitcoin will follow. As long as the appetite for risk does not revive, the cryptocurrency could see its bullish momentum compromised.

分析师强调，尽管全球货币供应不断增加，但这并不一定意味着将随后流入比特币。只要对风险的胃口没有恢复，加密货币就会使其看涨势头受到损害。

Divergent perspectives: towards a drop or a rebound?

不同的观点：朝下还是反弹？

If the current decline raises fears of a return to 72,000 dollars, other signals may suggest an opposite momentum in the short term.

如果目前的下降使人们担心返回72,000美元，其他信号可能会在短期内具有相反的势头。

Some experts are indeed observing an increase in the global M2 money supply, an indicator that has historically correlated with Bitcoin movements. Indeed, Colin Talks Crypto, a recognized analyst in the industry, specifies on March 27 on the X platform that this trend would indicate a possible recovery of bitcoin around May 1, with a bullish cycle that could last several months.

一些专家确实在观察到全球M2货币供应的增加，这一指标与比特币运动有关。的确，科林（Colin Talk）是该行业公认的分析师Crypto在3月27日在X平台上指定的，这一趋势将表明5月1日左右可能会恢复比特币，而看涨的周期可能会持续几个月。

However, it will all depend on BTC’s ability to hold certain critical technical levels. Trader Crypto Chase estimates on March 28 on X that the situation is a real problem, and warns that bitcoin must hold above 85,270 dollars to avoid a new bearish wave.

但是，这完全取决于BTC拥有某些关键技术水平的能力。 Trader Crypto Chase于3月28日在X上估计，这种情况是一个真正的问题，并警告比特币必须持有以上85,270美元以上以避免新的看跌浪潮。

“If it fails, I will look for a short on a retest, which would target liquidity around 80,000 dollars,” he specifies. In other words, the market is evolving on a razor’s edge where every movement will be scrutinized closely.

他指出：“如果失败，我将寻求重新测试的短暂性，这将以约80,000美元的流动性为目标。”换句话说，市场正在在剃须刀的边缘发展，每个运动都会受到仔细审查。

Between a possible correction towards 72,000 dollars and a potential rebound fueled by the expansion of the money supply, the situation remains uncertain. The Federal Reserve of the United States and other central banks will play a decisive role in market direction through their decisions on interest rates and monetary policy. In this tense environment, investors should expect increased volatility, where bitcoin could quickly oscillate between hope and uncertainty.

在对72,000美元的可能纠正与货币供应量扩大所推动的潜在反弹之间，情况仍然不确定。美国和其他中央银行的美联储将通过利率和货币政策的决定在市场方向上发挥决定性作用。在这种紧张的环境中，投资者应该期望波动性增加，在希望之间，比特币可以在希望和不确定性之间迅速振荡。