TechFlow News: On March 4, according to CoinDesk, escalating Middle East tensions weighed on Asian stock markets, with South Korea’s stock market posting its largest two-day decline since 2008. Although Bitcoin briefly reclaimed the upper end of its trading range above $70,000 this week, it quickly retreated to around $67,000, resulting in an overall “rebound failing to hold at higher levels” oscillating pattern. Analysts noted that recent market activity followed a “shock–liquidation–reconstruction” cycle; weekend sell-offs were largely driven by forced liquidations amid thin liquidity, and rebounds occurred swiftly once pressure eased. This correction also reflects accumulated investor disappointment following multiple prior market crashes. Against a backdrop of strengthening equities and precious metals, crypto assets have faced relatively greater pressure. If resistance near the upper boundary remains effective, Bitcoin may need to consider testing support at $63,000. Ultimately, Bitcoin’s price upside hinges on whether ETF inflows remain sustained this week.
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