On March 24, Matrixport's daily chart analysis stated that Bitcoin is attempting to break through the downward trend, benefiting from the Federal Reserve's slightly dovish stance and Trump's hint at a more targeted approach to tariffs. Compared to the past few weeks, these changes have provided a more constructive environment for the market.

Moreover, as the end of the quarter approaches, selling pressure from arbitrage funds may be easing, as funding rates remain persistently low and most selling has nearly concluded. Although current catalysts are not yet sufficient to support Bitcoin reaching a new all-time high, the market outlook has significantly improved.