BTC： As of April 7, 2025, the current price of BTC is $75200; At the weekly level, a "bearish line" with an upper shadow has been added, indicating greater selling pressure above; At the daily level, a 'big bearish candlestick' has closed, with average volume, indicating significant selling pressure above and bearish forces dominating. Although the trading volume has not significantly increased, the volume has remained stable, indicating that the market's selling sentiment is relatively restrained. This is more due to the departure of short-term players rather than large-scale liquidation by institutions. On chain data, this decline did not trigger large-scale capital flows, resulting in a low turnover rate and selling more existing Bitcoin from the platform. Especially short-term players who have been buying at the bottom in the past two days have become the main force to leave. At the macro level, the implementation of a 10% tariff policy (compared to the average tariff of 2.5% in the United States over the past 24 years) coupled with weak US stock futures has led to a rise in market risk aversion. Focus on two key points in the future: first, the market reaction after the implementation of tariff policies, and second, the performance of US GDP data at the end of the month. Overall, Bitcoin's short-term trend is bearish. As long as the US economy does not enter a recession, Bitcoin may become a temporary bottom near $65000, which not only has technical significance but may also be a "safety line" for players' psychological expectations. But the liquidity on the chain has not yet significantly increased, indicating that the market panic is far from reaching its peak, and the real bottom may still be brewing. Position allocation suggestion: Long term BTC accounts for 50% of the total position; 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.