BTC Price Consolidation Pattern: Bitcoin Maintains Range-Bound Trading, Lacks Clear Upside Breakout Momentum

BlockBeats News, March 30th. The latest QCP market report pointed out that Bitcoin once fell to $65,000 during the Asian session, then quickly rebounded. Currently, it is holding steady in the $66,000 to $67,000 range, continuing the typical weekend weakness and early-week stabilization. Despite facing selling pressure after options expiry and uncertainty in the Middle East, BTC overall still maintains the $65,000 to $70,000 range. However, the monthly chart may record a sixth consecutive monthly decline, reflecting ongoing fragile market sentiment.

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. As Trump's "10-day buffer period" for military action against Iran approaches its deadline on April 6th, the market remains vigilant about an escalation in the situation. The short-term trend of BTC will continue to be primarily driven by news.

On a macro level, the high oil prices and risks to key transport routes continue to reinforce expectations of "stagflation." Even if the situation eases, the war risk premium is unlikely to diminish in the short term. In the derivatives market, volatility remains compressed after options expiry, with traders still placing buying orders for market fluctuations. The overall structure reflects caution rather than panic, and the market has not yet formed a clear upward breakthrough momentum.