BlockBeats News, March 30th: The latest QCP market report pointed out that Bitcoin once fell to $65,000 during the Asian session before quickly rebounding. It is currently holding steady in the $66,000 to $67,000 range, continuing the typical weekend weakening and early-week stabilization trend. Despite facing selling pressure after options expiration and uncertainty in the Middle East, BTC overall still holds the $65,000 to $70,000 range. However, the monthly chart may record a sixth consecutive monthly decline, reflecting ongoing market fragility.
The report also noted that Bitcoin’s recent relative performance still shows resilience, outperforming gold and US stocks since the escalation of the Iran conflict, indicating a partial return of its safe-haven properties. With Trump’s “10-day buffer period” for military action against Iran ending on April 6th, the market remains cautious of an escalation, and BTC’s short-term trend will continue to be mainly news-driven.
On a macro level, the high oil prices and risks to key transport channels continue to strengthen expectations of “stagflation.” Even if the situation eases, the war risk premium is unlikely to dissipate in the short term. In the derivatives market, volatility remains compressed after options expiration, with traders still inclined to buy the market dip. The overall structure reflects caution rather than panic, and the market has not yet formed a clear upward breakthrough momentum.
