BTC： As of March 24, 2025, the current price of BTC is $87000; At the daily level, a "small bullish candlestick" was closed yesterday, and at the daily level, a "small bullish candlestick" was closed yesterday. Although the volume may not be large, the daily chart has now risen above the 30 day moving average, laying the foundation for a short-term rebound. On chain data, the turnover rate continues to be low, comparable to the low point in 2023. The chip intensive area of $93000 to $97000 has not loosened, and short-term risks are controllable. At the macro level, towards the end of March, core PCE and University of Michigan data are about to be released, but due to only reflecting the situation in February and the Federal Reserve attributing inflation to tariffs, market attention is relatively low. Starting from April, the complexity of the cryptocurrency market may increase, and we need to be alert to external variable shocks. Overall, Bitcoin has short-term oversold rebound momentum, but the possibility of effectively stabilizing at the 120 day moving average is low. Before April 15th is a critical window, and if the rebound cannot be matched by volume, it may evolve into a volatile adjustment.