3.23 Bitcoin Public Strategy

**Geopolitical Factors:** Middle East tensions escalating (Trump ultimatum to Iran), risk-off sentiment intensifying, BTC viewed as high-risk asset facing selloff

**Macro Factors:** Federal Reserve hawkish stance, strong dollar, rising US Treasury yields, suppressing crypto market

**Funding Flows:** Institutional ETFs still showing net inflows (5 consecutive days +$767M), but difficult to reverse short-term downtrend

**Selling Pressure:** Miners/some institutions selling BTC, shifting toward AI computing power

**Today's Assessment:** Bearish dominance, weak consolidation at lows, treat rebounds as bull traps.

**Main Strategy:** Focus on rebounding highs with short positions, spot positions await right-side signals.

**Key Observation Points:** 68,000 support, 70,000 resistance, Middle East developments and evening macro data. #Gate13周年全球庆典 $BTC