Market Analysis:

The market on March 6th perfectly demonstrated how "inflation trades" are fully suppressing traditional safe-haven logic. Gold plunged again under the dual squeeze of the US dollar and US Treasury yields, while cryptocurrencies experienced a volatile pattern of intense battles between bulls and bears at high levels after profit-taking.

Macro News:

1. The Middle East conflict has entered its sixth day, causing oil prices to surge and boost inflation expectations. The market is betting that the Federal Reserve will maintain high interest rates for a longer period, while rising US Treasury yields are generally unfavorable for gold. Meanwhile, some investors are selling gold to offset losses in US stocks, which has become a short-term selling pressure source;

2. The decline in gold from last night to early morning is a short-term correction. The ongoing escalation of the Iran situation still provides long-term safe-haven support for gold. Attention is also on the US non-farm payroll data on Friday; if the data weakens, it could support a rebound in gold;

3. Yesterday, BTC broke above $73,000 and ETH surpassed $2,150, accumulating a large amount of short-term profit-taking. Profit realization by funds has led to a natural price retracement;

4. Recently, the core of the crypto market volatility relies on the energy dividend brought by rising oil prices, combined with the weakening of the US dollar, making it a new safe-haven in the forex market. Short-term gains are significant, but after the surge, profit-taking pressure has emerged, showing a consolidation trend. The future trend heavily depends on oil prices, the US dollar, and the Iran situation;

Trading Suggestions: Please inquire during the live session

Special Reminder: Follow the trend to reduce positions in crypto, buy gold on dips, do not chase the rally in CAD temporarily, and strictly control stop-losses. $BTC $ETH