In April 2023, the cryptocurrency market experienced a significant rebound. The price of Bitcoin broke through $85,000, with an increase of over 5% within 24 hours, demonstrating a strong market recovery momentum. This rebound was mainly influenced by multiple factors, including the Trump administration's announcement to suspend the imposition of comprehensive tariffs, which alleviated market concerns about an escalation of the trade war and enhanced the attractiveness of risk assets. Additionally, Federal Reserve officials hinted that measures would be taken to stabilize the market when necessary, further boosting investor confidence. Technically, Bitcoin established solid support around $80,000, with increased trading volume, and technical indicators entered a recovery phase, indicating strong market rebound momentum.