Short Term Bounce, Overall Weak Momentum

In a March 31 podcast, trader Cryptoinsightuk said a short-term bounce is possible, but overall momentum remains weak as markets await a decisive move. He pointed to macroeconomic pressures, including equity weakness, inflation concerns and geopolitical tensions, as factors contributing to the lack of direction.

Despite this, many assets are sitting near historically attractive value zones, leading to a view that gradual accumulation in spot positions is reasonable.

Bitcoin shows signs of a potential bottoming structure, with its weekly relative strength index entering oversold territory, a level that has historically aligned with major lows….

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