PANews, March 18th - According to the latest market commentary from QCP Capital, Bitcoin hovered around $74,000 this morning, remaining within its post-impact range but struggling to break recent highs. Options market conditions are solid but defensive, with 30-day implied volatility hovering around 50, still higher than realized volatility. The term structure maintains a slight futures premium, and the 30-day risk reversal indicator continues to show put options being more expensive than call options. The forward curve still implies a geopolitical premium. Macroeconomic factors are the dominant factor this week, with the Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England all announcing their interest rate decisions. With high oil prices complicating the prospect of rate cuts, the market has reduced its expectations for easing, weakening the support for the crypto market from the interest rate backdrop. Bitcoin is no longer purely traded as a high-risk asset, but there has also been no sustained inflow of safe-haven funds. The range is expected to continue until policy or geopolitical factors provide clearer direction.