链上最后的男人

I. Market Analysis
1. Bitcoin (BTC) experiences violent fluctuations.
Yesterday's intraday fluctuation range: lowest near $78,500, highest reached $83,500, with a 24-hour decline of about 6%, current price in the $80,000 range.
Key resistance/support: short-term resistance at $82,000 (daily Bollinger middle track), support at $79,500 (around the 50% position of a large bullish candle and resonance at the neckline position).
2. Ethereum (ETH) follows with a rebound.
Yesterday's fluctuation range: lowest $1,475, highest $1,670, current price around $1,540, with a 24-hour decline of about 12%.
Key intraday resistance/support: resistance at $1,600, support at $1,500.

1. If Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $529 million.
On March 31, according to Coinglass data, if Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $529 million.
Conversely, if Bitcoin breaks above $84,000, the cumulative short liquidation intensity on mainstream CEXs will reach $939 million.

2. The market maintains a 'panic' sentiment, with today's cryptocurrency fear and greed index at 34.
On March 31, according to Alternative data, today's cryptocurrency fear and greed index is 34, maintaining a 'panic' state. Last week's average was 45 (panic), and last month's average was 20 (extreme panic), indicating continued low market sentiment.

The U.S. relaxes restrictions on bank cryptocurrency activities, and the new regulations eliminate the FDIC's prior approval requirement:
The Federal Deposit Insurance Corporation (FDIC) issued new regulations on March 29, allowing banks to engage in cryptocurrency-related activities without prior regulatory approval. This policy shift marks a significant change in the attitude of U.S. financial regulators towards digital assets.
FDIC Acting Chairman Travis Hill stated that this adjustment aims to support financial innovation and remove barriers for banks participating in blockchain and cryptocurrency projects. The new regulations abolish the previous requirement for banks to report cryptocurrency activities in advance, reflecting a reassessment of the restrictive policies implemented after events such as the 2022 Terra stablecoin crisis.

Bitcoin currently has a potential bearish wedge pattern. Can it move like this? That remains a question. However, it is clear that a one-sided market has not yet arrived, and it is advisable to take profits when possible.

Bitcoin (BTC) Trend Analysis
From the BTC 1-hour candlestick chart, the price is currently around $84,000, showing a fluctuating consolidation trend. Both upward and downward movements in the market are constrained by important support and resistance, preventing the price from forming a clear one-sided trend.
Key Support and Resistance
Short-term support zone: $83,300 - $82,500

Short-term resistance zone: $85,500 - $86,400