PANews reported on April 7 that Matrixport's analysis today pointed out that despite Bitcoin's strong resilience, the possibility of retesting the 38.2% Fibonacci retracement level (about $73,392) is gradually increasing. Currently, Bitcoin has been blocked at the 23.6% retracement level (about $87,000) many times, which has become a key resistance.

The report pointed out that the widespread market liquidation caused by Trump's latest tariff policy and the background of rising risk aversion have put pressure on Bitcoin prices. In addition, US consumers' concerns about inflation have intensified, and Federal Reserve Chairman Powell recently hinted at maintaining the current interest rate stance, which may limit the space for Bitcoin to benefit from loose policies in the short term.