TechFlow reported on March 24 that Matrixport's chart of the day shows Bitcoin is attempting to break out of its downward trend, supported by the Fed's slightly dovish stance and Trump’s indication of a more targeted approach to tariffs. These shifts have created a more constructive environment for the market compared to recent weeks.
In addition, as the quarter-end approaches, selling pressure from arbitrage funds is easing due to persistently low funding rates and the fact that most of the selling appears to be nearing completion. Although current catalysts may not yet be strong enough to push Bitcoin to new all-time highs, the overall market outlook has significantly improved.
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