#加密市场上涨 Institutional capital inflows are driving Bitcoin past the $70,000 mark, with Ethereum following closely behind, marking a new chapter for the bulls!

Bitcoin and Ethereum showed a strong oscillating trend during the day—"shock correction - re-attack - high-level stabilization"—continuing the recent rebound pattern. Overall, bullish momentum remains strong during the day, with limited pullback strength. The short-term pattern is characterized by strong oscillations, with trading around key high levels. The core influences include macro sentiment, capital flows, and industry dynamics. Attention should be paid to the battle between selling pressure at high levels and upward momentum. Be alert to short-term corrections triggered by profit-taking.

Market Review and Summary
On Tuesday (March 10), the crypto market experienced a key breakout. After Bitcoin rose to $69,479 late last night, it slightly retraced to $68,229 early this morning. Bulls then regained strength, reaching a high of $69,494. After a pullback to $68,384 in the morning, it gathered strength and broke through the $70,000 psychological barrier, reaching a high of $70,555. Currently, the price is consolidating around $70,155 at a high level. Ethereum's movement is linked; it continued its rebound last night, reaching a high of $2,053, then retraced to $1,989 early today, finding support. The current price has risen back to around $2,042. Overall, Bitcoin successfully broke through the $70,000 level, and Ethereum has re-ascended above $2,000, opening more upside space for bulls. Market sentiment has significantly improved.

News Summary and Macro Outlook: Optimism Before CPI Data, Rate Cut Expectations Rise

Ahead of the U.S. February CPI data release on Wednesday, market sentiment is optimistic. Recent economic data shows inflation pressures easing, and last Friday’s unexpectedly weak non-farm payrolls have increased expectations for the Fed to cut interest rates this year. According to CME FedWatch Tool, the market now prices in about a 45% chance of a 25 basis point rate cut in June. If tomorrow’s CPI data continues to show inflation slowing, it will further reinforce rate cut expectations, benefiting risk assets. However, caution is warranted as inflation concerns triggered by oil price volatility have not fully subsided. If inflation expectations rise again, it could dampen the rate cut outlook and indirectly suppress Bitcoin and Ethereum prices.

Capital Flows: Institutional funds continue to flow back in, exchange outflows increase
On-chain data shows significant buy support below $68,000 for Bitcoin, with exchange holdings steadily decreasing as some institutional investors buy at lows. Bitcoin spot ETFs recorded net inflows of about $350 million in the first two trading days of this week, ending a previous period of slight outflows. For Ethereum, exchange withdrawals reached 31.6 million ETH in February—the highest since November last year—reducing spot liquidity and providing structural support for prices.

Geopolitical Factors: Middle East tensions ease, limited impact on crypto markets
U.S. President Trump stated that “the war with Iran is essentially over,” easing geopolitical tensions. However, the crypto market is currently more driven by macro data and capital flows, with muted reactions to geopolitical news. Policy and Industry Support: Recently, the U.S. government has adopted a more friendly stance toward the crypto industry. The White House hosted a crypto summit, explicitly supporting the development of cryptocurrencies led by Bitcoin, and plans to establish a strategic Bitcoin reserve to support long-term price trends. Nonetheless, uncertainties remain—scandals involving some projects and departures of industry insiders have somewhat affected market confidence and limited the rebound potential of both coins. Additionally, competition from rivals like Solana continues to divert funds, with some capital shifting to other Layer 1 tokens, causing a certain degree of capital outflow from Bitcoin and Ethereum.

Bitcoin (BTC) Intraday Analysis
Today, Bitcoin shows a strong pattern of accumulation, breakout, and consolidation at high levels. After a dip to $68,229 early morning, it found support. It tested resistance near $69,400 twice in the morning, then volume-broke through the $70,000 psychological level, reaching a high of $70,555 and successfully stabilizing above $70,000. The first support zone is around $69,000–$69,500 (former resistance turned support), with strong support at $68,300–$68,500 (the recent low). Resistance is around $70,500–$70,600 (near today’s high). A breakout could target $71,000–$71,500. Overall, Bitcoin is showing a strong oscillating pattern. While there are still bullish and bearish disagreements, the successful breakthrough of the $70,000 level confirms an upward trend. Conservative traders may wait for a pullback confirmation before entering (watching support around $69,500–$69,000). Trading should follow principles of “light positions, strict stop-loss, and avoiding chasing rallies or panic selling.”