PANews reported on April 3rd, citing Cointelegraph, that Bitcoin is currently fluctuating between $60,000 and $73,000, with the daily chart showing a bearish continuation pattern: the first pattern confirmed on January 20th led to a price pullback to $60,014, and a second bear flag pattern is currently forming. Since February 8th, every rebound to the upper trendline of the bear flag has been met with resistance. Technical analysis emphasizes that a rebound to $76,000 and a sustained close above that level for several consecutive days are needed to negate this bearish pattern. Chartered Markets technical analyst Aksel Kibar predicts that if Bitcoin breaks below the $60,000 support level, it could further decline to $52,500.

Hyblock liquidation heatmap data shows that if Bitcoin falls to the $63,000 to $65,000 range, a large number of leveraged long positions face liquidation risk; a liquidity gap exists below this range, with the next major long positions concentrated in the $57,500 to $56,000 range. Analysts say that the current market lacks inflows of funds or narrative catalysts, and Bitcoin is expected to continue to fluctuate within a range, with $60,000 as a key support level and $70,000 as the most critical resistance level.