Matrixport: Bitcoin is trying to break the downward trend, and arbitrage selling pressure is coming to an end

On March 24th, Matrixport released today's chart. Bitcoin is trying to break through the downtrend, benefiting from the slightly dovish attitude of the Federal Reserve and Trump hinting at a more targeted strategy on tariffs. Compared to the past few weeks, these changes provide a more constructive environment for the market.

In addition, as the end of the quarter approaches, the selling pressure from arbitrage funds is easing, as funding rates remain low and most of the selling is nearing completion. Although the current catalysts are not enough to support Bitcoin reaching a new all-time high, the market outlook has significantly improved.