Bitunix Analyst: Policy Pause and Delayed Conflict Compress BTC into 66.1K–68.5K Range Amid Low-Liquidity Squeeze
BlockBeats News, March 31st. Market structure is undergoing a subtle but critical shift. The Federal Reserve has signaled a「pause」in rate adjustments, while market expectations for further rate hikes have been pulled back, indicating that policy pressure is no longer intensifying. At the same time, geopolitical tensions in the Middle East have been pushed into an April negotiation window, transforming risk from an acute shock into a prolonged drag.
The combination of these factors has shifted the market from a phase of rapid liquidity contraction to one of muted, low-liquidity consolidation.
Key data releases this week remain in focus—including ISM and ADP on Wednesday, and Non-Farm Payrolls on Friday. However, in an environment of declining market depth, these events are more likely to trigger short-term volatility rather than establish a clear directional trend.
Liquidity signals are already evident: U.S. Treasury bid-ask spreads have widened by approximately 27%, while depth in certain markets has dropped to around 10% of normal levels, reflecting continued withdrawal of market makers and reduced counterparty availability.
Turning to BTC, the short-term structure has compressed into a 66,100–68,500 range. The 66.1K level has repeatedly acted as a support zone with consistent passive demand, while 68.5K represents the primary liquidation pressure above.
Price action within this range remains fundamentally driven by liquidity sweeps rather than trend formation. A sustained break above 68.5K would be required to open up higher liquidity zones; otherwise, BTC is likely to remain trapped in a choppy, range-bound squeeze.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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