Bitunix Analyst: The resonance between energy supply chain restructuring and policy failures causes BTC to repeatedly test the high-liquidity zone.

CryptoWorld News reports that on March 18, the market is facing a dual impact: restructuring of the energy supply chain and declining policy adjustment capabilities. The Federal Reserve has chosen to hold steady, reflecting its loss of dominance between energy inflation and weakening employment; meanwhile, the U.S. releases strategic reserves in the form of “crude oil loans,” effectively shifting short-term supply pressures onto future demand. At the same time, conflicts in the Middle East continue to spread to energy facilities and shipping routes, with supply risks remaining. Market pricing has shifted to longer-term and physical markets, prompting capital to move from near-term suppression to distant and real assets. Bitunix analysts note that in the crypto market structure, BTC has tested above liquidity levels and entered a high-range consolidation zone. There is significant short liquidity accumulation around 75,000–76,000, serving as a short-term resistance zone. The area around 72,800 is a key support zone, where long positions are concentrated and structural support overlaps. If this level is further broken, liquidity will spread to 71,500–72,000, increasing the risk of chain reactions and liquidations. Overall, the market remains in a “high liquidity digestion phase” rather than a trend continuation. Multiple tests of the upper boundary have failed to break through effectively, indicating that major players prefer to rotate and redistribute at high levels rather than push prices higher. It is particularly important to note that current macro and commodity market changes are altering the fundamental pricing basis for crypto markets: if energy prices stay high and suppress liquidity easing expectations, BTC will lean more toward risk assets rather than a hedge; conversely, if policies reintroduce liquidity, the high-range zone could become a new acceleration zone. In the short term, BTC’s key focus is not on direction but on whether it can effectively absorb the short liquidity above 75K or if breaking below 72.8K will trigger structural re-pricing.