BTC: As of April 7, 2025, the current price of BTC is $75,200; a weekly candlestick showed a bearish candle with an upper shadow, indicating significant selling pressure above; a daily candlestick showed a large bearish candle with average volume, indicating notable selling pressure above and a dominant bearish sentiment. Although the trading volume did not significantly enlarge, the volume performance remained stable, showing that the market's selling sentiment is relatively restrained, mainly due to the exit of short-term players rather than large-scale liquidation by institutions.

On-chain data shows that this decline did not trigger large-scale capital flows, with a low turnover rate, and selling mainly came from the existing Bitcoin on platforms. Especially, short-term players who bought the dip in the last two days became the main force exiting the market.

On a macro level, the implementation of a 10% tariff policy (compared to the average 2.5% tariff in the US in 2024) combined with weak US stock futures has heightened market risk aversion. Key points to watch in the future include: first, the market reaction after the implementation of the tariff policy; second, the performance of US GDP data at the end of the month.

In summary, Bitcoin's short-term trend is bearish. As long as the US economy does not head into recession, Bitcoin may find a temporary bottom around $65,000, a position that not only has technical significance but may also represent a 'safety line' in players' psychological expectations. However, on-chain liquidity has not significantly increased, indicating that market panic has not yet reached its peak, and the true bottom may still be in the making.

Position allocation suggestion: Long-term BTC should occupy 50% of the total position;

The information and data in this content are sourced from publicly available materials, striving for accuracy and reliability, but no guarantee is made regarding the accuracy and completeness of the information. This content does not constitute investment advice, and any investment based on it is at your own risk.