March 28, 2026

In the blink of an eye, the market has once again fallen from its previous rebound trend. Bitcoin has returned to the lower end of the trading range, just a few points above the lowest point of 60,000, and Ethereum has once again fallen below 2000. If the sideways market continues to stay at low levels, as long as it doesn't break below, it can be acceptable; however, the market will definitely worry about making new lows.
According to general experience, this kind of small-scale downward correction is usually difficult to break through previous lows because, after experiencing a sharp rebound, the buy orders in this range are still relatively thick. Usually, breaking below this level requires a sharp crash, so the probability of breaking the previous low is relatively low, and there's no need to worry too much.
The main driving force behind this decline is still the US stock market. The Nasdaq has fallen from a high of 24,000 to below 21,000. More importantly, the daily chart has shown over a month of unilateral decline. Therefore, this point is actually the biggest single risk at the moment, especially considering the ongoing chaos in the US-Iran situation.
All financial markets this year face significant risks. The continued closure of the Strait of Hormuz will definitely push oil prices to very high levels, ultimately making inflation data look very ugly, which will disrupt the Federal Reserve's rate-cutting pace. As for whether the US-Iran conflict will escalate further, that's not the main concern. In such chaotic circumstances, funds will consider safe-haven demand, and expecting a bull market in the crypto space under these conditions is unrealistic.
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