U.S. spot Bitcoin ETF ends net outflows and returns to net inflows, with weekly inflows exceeding $1 billion in March. Institutions like BlackRock, Fidelity, and others have long-term allocations, while companies such as MicroStrategy continue to add positions. Institutional funds are becoming price stabilizers, with a lock-up effect being significant.

Geopolitical tensions easing, oil prices retreating, inflation pressures easing, expectations of Fed rate cuts rising, U.S. Treasury yields declining, and the dollar weakening—all create a liquidity environment favorable for high-sensitivity risk assets like Bitcoin and digital gold.

The 12-18 months after the halving are typically the main bullish phase, and we are currently in a critical window. Exchange-held Bitcoin continues to see net outflows, long-term holders have a high lock-up ratio, selling pressure is light, and the chip structure remains healthy.

On the technical side, the four-hour chart shows prices consistently staying above the middle and upper bands. As long as it doesn't break below the middle band support, the price is unlikely to decline significantly, especially considering the strong daily trend, as mentioned in yesterday’s static post. Whether from news or technical factors, the overall outlook remains cautiously bullish on pullbacks.

For a phased accumulation during a correction, consider looking at the $68,500-$69,000 range for bullish entries. The first target: $71,000-$71,500; the second target: $73,000-$75,000. Support is at the $68,000 level. Thanks everyone for following. The price levels are for reference only.