$BTC Here's a summary of recent BTC movements

Market sentiment: No strong support for a significant rally
Geopolitical and macro factors: The stalemate in US-Iran ceasefire negotiations has led to repeated risk-off sentiment. Bitcoin has fallen over 4% along with risk assets, breaking below $69,000. The Federal Reserve's March policy meeting kept interest rates unchanged, with rate cut expectations lowered and the timing pushed back. The dollar and US Treasury yields remain volatile at high levels, continuously suppressing risk assets.
Funding: CME Bitcoin futures open interest has decreased, perpetual contract funding rates are low, and leveraged speculative funds are exiting, increasing volatility and lacking upward momentum.
Technical analysis: Consolidating with a short-term bearish bias
Long-term cycle: Trading within a $60,000-$70,000 range for several weeks. The bear market bottom cost has risen, limiting further downside. The current decline may be a short-term suppression from news sentiment. The daily chart shows wide-range oscillation, with low institutional participation and strong buying support below.
Short-term cycle: Price is trending downward with single-sided candles, currently supported at $68,000. Short-term support levels are around $67,300 and $65,000. Weekend trading is light; if the price breaks below $68,000, it may slightly rebound near $67,300. Resistance is at $68,900. If it stabilizes, a move toward $70,000-$72,000 could occur.