Matrixport: Bitcoin Finds Support as Fed Turns Dovish and Market Arbitrage Selling Pressure Nears End

BlockBeats News, March 24th, Matrixport released its daily chart analysis stating that Bitcoin is attempting to break through the downtrend, benefiting from the slightly dovish attitude of the Federal Reserve and Trump's hint at a more targeted tariff strategy. Compared to the past few weeks, these changes have provided a more constructive environment for the market.

Furthermore, as the end of the quarter approaches, the selling pressure from arbitrage funds may be easing, as funding rates remain low and most of the selling is coming to an end. Although the current catalysts are not yet sufficient to support Bitcoin reaching a new all-time high, the market outlook has significantly improved.