Market Analysis:

On March 12, the market exhibited typical "bull-bear tug-of-war" characteristics amid the intertwined effects of CPI data and geopolitical tensions. Last night, gold fluctuated and closed lower under the dual pressures of a strengthening dollar and inflation concerns, but stabilized after pulling back to a key support level. The medium- to long-term bullish logic remains solid; the crypto market, after a brief surge, entered consolidation, with bulls and bears fiercely contesting around key psychological levels.

Macro News:

1. Although Trump previously hinted that the war is "basically over," the actual battlefield is still ongoing. This uncertainty continues to support safe-haven buying in gold. Investors remain cautious about further escalation in Middle East conflicts, and such risk concerns will always feed back into the gold market;

2. U.S. February inflation data stabilized as expected, but soaring energy prices this month have raised concerns that March data will push inflation higher, thereby increasing expectations for interest rate hikes. Meanwhile, the dollar index traded lower then higher on Wednesday, ultimately closing strongly higher. These factors dampen the rebound momentum of gold prices;

3. Bitcoin briefly broke the $71,000 level yesterday but then retreated due to macro sentiment fluctuations. It is currently oscillating around the $70,000 mark, while Ethereum remains steady above the $2,000 psychological level;

4. In the past 24 hours, the total liquidation amount across the entire crypto network reached $210 million, with over 90,000 traders liquidated. Liquidation pressure has eased significantly compared to yesterday, and investor panic has somewhat subsided;

5. The overall cryptocurrency market shows a trend of oscillating recovery; the key support is maintained by low oil prices and a slight rebound in U.S. stocks, which marginally improves global risk appetite. Additionally, institutional positioning provides slight support to the market, alleviating short-term selling pressure. However, it should be noted that the current crypto market heavily relies on institutional funds; if ETF outflows resume, a correction could be triggered.

Trading Suggestions: Please inquire during the live session

Special Reminder: Buy gold on dips with stop-loss; cautiously observe BTC/ETH without chasing highs; strictly control positions to avoid liquidation!$BTC #$ETH