TechFlow News, April 3: According to on-chain data platform CoinGlass, Bitcoin’s current price is being constrained within a narrow range by large whale orders. Dense sell orders are suppressing price action above $67,500 and in the $67,950–$68,050 zone, while support lies between $65,600 and $65,800, with deeper support near $64,900. The market currently shows no clear trend, exhibiting sideways consolidation.
Analysts note that a confirmed bullish signal would emerge only if the resistance wall above is decisively breached; conversely, downside risk increases if buy orders below are withdrawn or absorbed. Multiple market observers believe the probability of a directional breakout remains low in the near term, suggesting continued range-bound trading. This pattern likely reflects liquidity compression orchestrated by whales, with the next structural move potentially emerging only after weaker hands have been flushed out.
