[BIT: BTC Downside Risk Takes the Lead, Recovery Signals Still Require Multi-Factor Resonance] According to Deep Tide TechFlow on April 3, as reported in the BIT on Target weekly report, Bitcoin is entering a critical observation window. After months of correction, BTC has recently seen a slight rebound and is once again testing the previously lost key support range (approximately $65,881–$66,396). However, the foundation for recovery remains unstable, and the trend appears fragile. The report highlights that macroeconomic pressures are continuing to accumulate, marginal liquidity is weakening, and with key policy events approaching, market pricing logic is gradually adjusting. Looking ahead to April, although historically considered a relatively strong month, the report suggests it is unwise to simply extrapolate seasonal patterns. Whether April can deliver a phase of recovery depends on whether factors such as liquidity, position structure, and external catalysts can achieve resonance.