BTC: As of March 27, 2025, the current price of BTC is $87,300; on the daily chart, yesterday formed a "spinning top," indicating hesitation between bulls and bears in the high-level contest, with low trading volume reflecting insufficient market participation. On-chain data shows that the net inflow of the U.S. spot Bitcoin ETF yesterday was 1,026 coins, worth $89.6 million, indicating that institutional funds still provide some support; the chip distribution over the past 24 hours shows that the behavior of entering at the low of $80,000 and exiting at the high of $87,000 is decreasing. This suggests that market participants are becoming more cautious at the current price level. On a macro level, the core PCE and University of Michigan inflation expectation data will be released this Friday; the current market is still dominated by event-driven volatility. The final implementation of tariff policies, the performance of April GDP data, and the next steps of the Federal Reserve will all be key variables determining BTC's trend. In summary, Bitcoin has failed to effectively break through the resistance level of $88,500 and is currently oscillating between $85,000 and $88,500. With the core PCE and University of Michigan inflation expectation data set to be released this Friday, volatility is expected to increase tomorrow night, with another attempt to push above $88,500.