On March 29, Bitcoin continued its previous decline and hit $83,387. During the same period, the U.S. stock sell-off intensified, the Dow Jones Industrial Average plummeted 700 points, and the S&P 500 fell 112 points, evaporating trillion in market value in a single day. The market attributed the panic to the fact that the core PCE price index rose to 2.8% in February, coupled with the Trump administration's announcement of an additional 25% tariff on imported cars, which had a chain impact on the market.

The double-top pattern triggered a sell-off warning on the technical side, and legendary trader Peter Brandt issued a warning that the daily chart of BTC has formed a "bear market wedge", and the double-top pattern has established the target position of US$65,635. Crypto trader "HTL-NL" agrees with Brandt, believing that Bitcoin's failure to "break" the long-term downward trend line and confirm the bear market wedge pattern is evidence that BTC will touch its range low again, and technically confirms the decline relay pattern.