[Bitunix Analyst: Mismatch Between Energy Suppression and War Uncertainty, BTC Maintains Liquidity Range Structure] BlockBeats News, March 25 – The market is currently dominated by the mismatch between 'policies suppressing energy prices' and 'unresolved Middle East risks.' The U.S. has relaxed gasoline regulations, and the EU has delayed its ban on Russian oil to curb inflation and oil prices. However, U.S.-Iran negotiations have yet to materialize, and military deployments continue, preventing the full release of risk premiums. As a result, funds are shifting toward safe-haven assets like gold, with overall liquidity remaining in a contracted and defensive state. Against this backdrop, BTC has not formed a clear trend but is instead operating within a typical liquidity-driven range structure. The upper range of $71.6k–$73k is a dense zone of sell orders and chase liquidity, while the lower range of $67k–$68k serves as a liquidation and support zone for buy orders. The middle range of $70k–$71k sees rapid price movements due to sparse liquidity. In the short term, if the price stabilizes above $71.6k, it will trigger a liquidity sweep toward $73k; if it falls below $68k and support fails, it will shift to downward liquidation. Until there is a unilateral resolution in energy prices or Middle East negotiations, the market will continue to oscillate between the two liquidity extremes, with BTC essentially acting as a risk-bearing asset rather than a proactive trend asset. In summary, the crypto market lacks the conditions for trend continuation in the short term and is closer to a liquidity-driven consolidation phase. Only when there is a unilateral breakthrough in energy risks or liquidity direction will the market choose a definitive pricing path.