I just looked at Bitcoin's candlestick chart and I feel something's off. Since the rebound from the February low to now, this upward pattern looks almost identical to the trend from November to January last year, and that time it directly dropped to $60k. Currently, BTC is around $71.6K, but the strength of this rebound is really weak.

Carefully comparing the charts of both periods, both are oscillating within a very narrow range, seeming like a recovery, but actually more like a pause in a larger downtrend. Last year, that pattern finally broke down, with the price plunging straight from $90k to around $60k. The current situation somewhat resembles a replay of history — this rebound lacks the strong breakout feeling and seems more like a weak bounce in a bear market.

If Bitcoin falls below the lower boundary of the current range, around $6.58k, then caution is warranted. Once this pattern confirms a breakdown, it could mean selling pressure will regain control. Conversely, if it can break through the upper resistance, this dangerous pattern might be invalidated. Right now, it's a fork in the road, and the next few days' direction is crucial. Of course, charts are just a reference; the market will always have unexpected changes.