BTC: As of April 3, 2025, the current price of BTC is $83,700; the daily candlestick has formed a small bearish candle with a long upper shadow, and trading volume has significantly increased, indicating heavy selling pressure above.

On-chain data shows that the U.S. spot Bitcoin ETF had a net inflow of 2,562 BTC (valued at $218 million) yesterday, indicating that institutions still have some confidence, but turnover rate has slightly increased, and selling pressure remains above $88,000.

On a macro level, the uncertainty of Trump's tariff policy adds gloom to the market. If the policy is implemented as planned on April 9, the 10% base tariff and reciprocal adjustments could trigger a crisis, with inflationary pressures and supply chain risks further impacting the crypto market.

Overall, Bitcoin is likely to maintain a volatile pattern in the short term, while being cautious of fluctuations in risk aversion triggered by trade crises. Unless there are significant negative factors, a rebound can still be expected, but the difficulty of operation has significantly increased.

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