BTC： As of April 3, 2025, the current price of BTC is $83700; At the daily level, a "small bearish line" with a long upper shadow was closed, and the trading volume significantly increased, indicating heavy selling pressure above. On chain data showed a net inflow of 2562 US spot Bitcoin ETFs (worth $218 million) yesterday, indicating that institutions still have some confidence, but the turnover rate has slightly increased, and selling pressure above $88000 still exists. At the macro level, the uncertainty of Trump's tariff policies has added gloom to the market. If the policy is implemented as planned on April 9th, the 10% basic tariff and equivalent adjustments may trigger a crisis, inflationary pressure, and supply chain risks, which may further impact the cryptocurrency market. Overall, Bitcoin is highly likely to maintain a volatile pattern in the short term, while being cautious of the risk aversion caused by the trade crisis. If there are no significant negative factors, a rebound can still be expected, but the difficulty of operation has significantly increased. The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.