March 13th Evening Analysis
Bitcoin: The current price is $82,817. Yesterday, the daily candlestick formed a "spinning top," with average trading volume, indicating that the market is currently in a balanced state between bulls and bears. The U.S. spot Bitcoin ETF saw a net inflow of 160 units yesterday, valued at approximately $13.3 million, indicating that capital inflow is slow but steady, providing some support for short-term prices.
Macroeconomic Aspect: Tonight's PPI data will impact market sentiment. If it is lower than expected, it may drive Bitcoin to continue its upward oscillation trend. Next week, the Federal Reserve's dot plot will reveal the interest rate path, which is crucial for Bitcoin. Historical trends show that BTC often experiences a corrective rally when VIX declines (currently stabilizing) and positive news (such as ETF inflows) drives the market. However, the resistance zone of $93,000-$97,000 remains intact, indicating an increase in long-term holders and a reduction in short-term downward pressure.
In summary, Bitcoin is currently in a phase of oscillation and correction. If tonight's PPI data is favorable, it may rebound further upward, but a reversal requires more confirmation.
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