[Crypto Weekly Report] Market Remains Cautious, Awaiting More Catalysts

[Last Week's Review]

Last week, most cryptocurrencies traded within a narrow range. Selling pressure emerged following Trump's repeated tariff hike announcements and the impact of DeepSeek, causing short-term bearish momentum to deplete. Investors turned cautious, and the market had largely priced in expectations that the Fed would slow down its rate cuts. As a result, inflation data had a limited impact on market volatility. However, this period of compressed price fluctuations is unlikely to last long, and once the consolidation phase ends, new catalysts will drive crypto prices out of the current range.

[This Week & Future Outlook]

This week's economic data may have a limited impact on the market. Investors should continue focusing on Trump's tariff policies. Earlier reports suggested that the implementation of reciprocal tariffs in the U.S. could be delayed until early April. The market interprets this as Trump using tariffs as a negotiation tactic. If upcoming negotiations between the U.S. and other countries show goodwill, concerns over the impact of tariffs may ease.

Looking ahead, the U.S. 10-year Treasury yield has retreated from its recent rebound high, reducing pressure on risk assets, which is favorable for crypto to regain upward momentum. Additionally, Bitcoin's Hash Ribbon indicator suggests miners are entering a "capitulation phase." Historically, this indicates a market bottom and signals the potential for a long-term rally. If history repeats itself, this could boost investor confidence and drive a broad crypto market recovery.

[Technical Analysis]

[Trading Advice]

DOGE 4-hour chart
The higher highs and higher lows indicate a bullish trend. The 61.8% Fibonacci retracement of the latest upward wave (0.26186) theoretically provides support, making it a potential entry point for a long position. A break below the previous low (0.24656) would suggest a trend reversal, and the long position should be stopped out. The target price is the previous high (0.28661).

"This suggestion is for reference only and does not constitute any buy or sell recommendation. Trading in markets such as Forex and stocks may be influenced by various factors, causing market price fluctuations. Investors should proceed with caution."