Svmuu News Bitfinex's analysis report shows that market risk sentiment quickly recovered following news that Trump announced a five-day delay in the plan to strike Iran's power facilities and described the US-Iran negotiations as "extremely smooth and constructive." Bitcoin held steady above the month's opening level of $67,035 this week, encountering resistance again at the lower edge of the $72,000 to $82,000 "vacuum zone." ETF fund flows further confirm the market's high sensitivity to news: on March 23, the day the US suspended military action, Bitcoin ETF net inflows reached $167.2 million, with IBIT alone absorbing $160.8 million, marking the largest single-day inflow since March 17 and ending a three-day streak of net outflows following the FOMC meeting.
The report suggests that fund flows over the next two to three days will determine whether this rebound is a short-term "risk relief trade" or the start of a new accumulation phase. If daily ETF net inflows consistently exceed $100 million, support conditions below the "vacuum zone" are expected to be rebuilt; if the pullback deepens, Bitcoin may return to its previous consolidation range.
Analysis: Trump's Suspension of Iran Action Boosts Market Sentiment, Bitcoin May Retest Key Resistance Zone
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Source:Odaily · Source Link
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