QCP: Bitcoin remains range-bound and has not yet formed a clear upward breakout momentum.

According to Mars Finance, QCP's latest market report on March 30th indicated that Bitcoin briefly dipped to $65,000 during the Asian session before rebounding quickly, currently maintaining a range of $66,000 to $67,000, continuing the typical pattern of weakening over the weekend and stabilizing at the beginning of the week. Despite selling pressure following option expiration and uncertainty surrounding the Middle East situation, BTC has generally held above the $65,000 to $70,000 range, but the monthly chart may record its sixth consecutive month of decline, reflecting continued fragile market sentiment. The report also noted that Bitcoin's recent relative performance has remained resilient, outperforming gold and US stocks since the escalation of the conflict with Iran, indicating a return of some safe-haven attributes. With the "10-day grace period" for Trump's military action against Iran nearing its end on April 6th, the market remains wary of escalation, and BTC's short-term movements will continue to be driven primarily by news. On the macro front, high oil prices and risks to key transportation routes continue to reinforce "stagflation" expectations; even if the situation eases, the war risk premium is unlikely to subside in the short term. The derivatives market shows that volatility compression was limited after options expired, and traders are still paying for market volatility. The overall structure reflects caution rather than panic, and the market has not yet formed a clear upward breakout momentum.