3.10 Evening Bitcoin Outlook: Strong resistance at 73,000 emerges! Bitcoin surges then pulls back, with support at 68,000 looking toward 69,000

Affected by the yellow-haired release signaling easing of Iran conflicts, market risk aversion quickly diminishes. After touching the 71,000 level for the first time in four days, Bitcoin surged then retreated. Following a rebound in sync with global markets, Ethereum, XRP, and SOL also rose together but then pulled back in the late session, with rebound strength clearly insufficient.

At the same time, international oil prices plummeted sharply, with Brent crude oil crashing near $91 per barrel. The yellow-haired statement that conflicts will quickly end, suppressing oil prices and protecting oil tankers, eased energy supply concerns, leading to a flow of risk-averse funds out of the crypto market.

Bitcoin’s 68,000 remains a key support level, with strong resistance at 73,000 above. Although this month’s gains have outperformed gold, increased market volatility and doubts about the sustainability of the rebound persist. Geopolitical factors remain the core variable, and the short-term trend is still mainly bearish.

Consider short positions in the 72,500-73,500 range, with the initial target around 69,000. #Gate2月透明度报告 #特朗普称伊朗战事接近尾声