Market Analysis:

On March 25th, the market is experiencing a typical "technical rebound under macroeconomic headwinds." Gold has stabilized and rebounded after consecutive sharp declines, while the crypto market is experiencing intense fluctuations around the $70,000 mark.

Macroeconomic News:

1. The market trading logic has shifted from inflation caused by crude oil supply disruptions to "global economic recession." High oil prices subject central banks worldwide to dual impacts of inflation and reduced import payment capacity, potentially leading to partial gold reserve liquidation.

2. Trump's "ceasefire" rhetoric has improved market sentiment. Despite Iran's denial, market expectations of short-term conflict easing have boosted risk appetite, temporarily alleviating gold selling pressure. This rally is not based on fundamental bullish reversal, but rather technical correction following consecutive sharp declines plus short covering. Additionally, Brent crude has retreated below $100 from recent highs, temporarily cooling market concerns about the "high oil prices → inflation → rate hikes" vicious cycle.

3. Market expectations of short-term conflict easing have relieved selling pressure in the crypto market. MicroStrategy (formerly MicroStrategy) announced purchases of over 1,000 BTC, and Bitmine acquired 65,341 ETH. On-chain bullish signals show major ETH whale activity resuming, with institutional capital continuing to deploy.

Special Reminders: Gold's rebound is technical correction with macroeconomic headwinds still in place. The crypto market retains resilience, but volatility remains intense. Strictly control position sizes and wait for the market to fully stabilize before increasing deployment.