Gate News Report, on March 10th, Bitcoin rose approximately 4.5% for the day, breaking through the 71,500 USD local high. Despite ongoing geopolitical tensions in the Middle East and fluctuations in global oil prices, Asian markets and U.S. stocks performed steadily, with the S&P 500 and Nasdaq Composite index rising about 0.5%. Regarding the future market direction, several analysts have expressed differing opinions: Trader Jelle stated on X that the market is about to indicate its next move; if it recovers the resistance level again, bulls will have a short-term advantage; if rejected, a deviation and retest of the bears could make 60,000 USD the next target. Analyst Michaël van de Poppe pointed out that Bitcoin is buoyed by a strong rebound in Nasdaq, and the recent dip caused by a sudden surge in oil prices has been digested. The market is now recovering, and with decreased uncertainty in the Middle East, Bitcoin and altcoins may see more upside potential. Independent analyst Filbfilb said in a YouTube video that Bitcoin lacks enough momentum to reclaim the moving average support, and bears may enter around the 50-day moving average.