The recent Bitcoin market is mainly affected by the expectations of the Federal Reserve interest rate meeting on March 21. Before the Federal Reserve interest rate meeting, because the US CPI and PPI both exceeded expectations, the market expected that the Federal Reserve interest rate meeting would be biased toward hawks to suppress inflation! The market as a whole entered a correction. Unexpectedly, Powell made dovish remarks at the Federal Reserve interest rate meeting. The recent CPI and PPI were mainly affected by seasonal factors, which did not prevent inflation from continuing to decline. The market immediately rebounded around 60,000. On March 22, the Swiss National Bank suddenly The interest rate cut and the former Treasury Secretary of the Federal Reserve issued hawkish remarks, and the market subsequently retreated and continued to decline. Currently, the market has both long and short factors, but the overall market direction is still bullish, and the Chairman of the Federal Reserve has given a clear direction! Bitcoin ETF outflows also slowed down after the Federal Reserve’s interest rate meeting! After the market gradually digests the negative factors, as long as Bitcoin stands firm at 68,000, the bullish trend will continue to start!