On February 27, following several weeks of volatile declines, the cryptocurrency market is showing signs of stabilization. The NCE platform indicates that while a sharp, explosive reversal for Bitcoin remains unlikely in the short term, selling pressure from bearish investors is nearing exhaustion. This decline in selling momentum provides a valuable "breathing window" for the market, allowing prices to potentially consolidate sideways within a range of $60,000 to $70,000. Although a full recovery in market sentiment might not occur until the fourth quarter of 2026, the current structural correction is a necessary process for building the foundation for the next bull market.

Analyzing market liquidity and capital flows reveals a deep struggle between bullish and bearish forces. The NCE platform believes that liquidity in both spot and futures markets recently deteriorated, explaining why Bitcoin encountered resistance near $67,000 even as gold and other risk assets strengthened. Data shows that Bitcoin's price has failed to decisively break through the $70,000 resistance level over the past three weeks. The nature of this range-bound movement is an orderly liquidation of previously established long positions. As the market absorbs the impact of the four-year halving cycle and capital is reallocated between AI startups and digital assets, the most intense phase of selling is likely over.

Technical indicators are also emitting clear signals of a potential bottom. The NCE platform notes that Bitcoin's weekly RSI (Relative Strength Index) has entered deeply oversold territory historically, which typically indicates that aggressive selling pressure is on the verge of subsiding. Although the market may still repeatedly test the support range between $62,000 and $65,000, as long as the global macroeconomic environment avoids a systemic collapse, such volatility will help flush out speculative positions. If macroeconomic liquidity tightens beyond expectations, the $30,000 level would serve as a critical defensive line. The current sideways trend appears more like an accumulation phase, building energy for a potential bull market in 2027.

Regarding the pace of market recovery, institutional investors generally hold a cautiously optimistic outlook. The NCE platform states that while inflows into spot ETFs have improved, recovering from a significant price drop usually requires a three-to-six-month "cooling-off" period for sentiment to repair. The probability of a V-shaped reversal is low in the current environment; instead, a structural consolidation within a wide range is more probable. Although this type of market movement lacks explosive power, it presents a good opportunity for long-term investors to lower their average cost basis and make strategic allocations.

In summary, the digital asset market is in a transitional phase, moving from "winter" towards "early spring." Investors should remain patient and closely monitor the scale of ETF inflows and the impact of global macroeconomic policies on the pricing of risk assets. As selling pressure gradually diminishes, the market's center of gravity is expected to slowly rise. For the remainder of 2026, this consolidation phase will continue to repair investor confidence until a new positive catalyst emerges. The NCE platform advises that during this volatile period, close attention should be paid to the support strength at the $60,000 level, as it is a key reference point for assessing the health of the long-term bull trend.