Bitunix Analyst: CPI in Line with Expectations, Geopolitical Risks Persist, BTC Maintains $61k-$71k Range-bound Trading

BlockBeats News, March 12th. In the United States, the February CPI year-on-year recorded 2.4%, and the core CPI year-on-year recorded 2.5%, overall meeting market expectations, and short-term did not change the market's basic assessment of the Fed's policy path. At the same time, the Trump administration is pushing for a 301 trade investigation into multiple major economies, with global trade and geopolitical uncertainties continuing to escalate.

The situation in the Middle East remains a core variable affecting global risk appetite. Iran has stated its ability to block the Strait of Hormuz, while the International Energy Agency has announced the release of emergency oil reserves of approximately 400 million barrels to the market, the largest in history. The uncertainty of energy supply and military conflicts has kept the macro market in a wait-and-see phase amid policy and geopolitical risks in the short term.

Against this backdrop, the crypto market continues its range-bound structure. Since early February, BTC has maintained a wide-ranging consolidation between around $61,000 and $71,000. Looking at the derivatives clearing distribution, there is a concentrated bearish liquidity pool in the upper range around $71,000 to $72,500, while the recent long leverage concentration zone is around $66,000 to $65,000 to the downside. If further pullback occurs, the $61,000 area remains a deeper liquidity support zone.

Currently, the price is oscillating repeatedly below $70,000, indicating that the market is still mainly scanning for liquidity above and below. The overall structure shows that, until a clear direction emerges from macro events, BTC is likely to maintain a liquidity game pattern within a wide range in the short term.