March 9 news, according to Cointelegraph, Bitfinex analysts said that the federal government's failure to directly invest in Bitcoin has caused "negative reactions in the short term market and a decline in Bitcoin price." Bitcoin needs to close above the key support level of $82,000 this week to avoid further declines due to short-term investors’ disappointment. Analysts stressed that investors had expected the federal government to accumulate Bitcoin to show strong institutional support, but relying solely on existing holdings without increasing investments weakened these expectations. Nexo analyst Iliya Kalchev pointed out that in addition to crypto-related legislation, macroeconomic development and global trade concerns continue to put pressure on Bitcoin prices. The market will focus on U.S. Consumer Price Index and Jobs Reports next week, which will serve as an important indicator of slowing inflation and potential rate cuts. Technically, the Bitcoin Relative Strength Index (RSI) is 28, indicating that the assets are oversold. Analyst Rekt Capital pointed out that every time the RSI reaches 28 in the current cycle, the Bitcoin price "either bottoming out or is only 2% to 8% away from the bottom."