#加密市场反弹 **#加密市场反弹 – Policy and Liquidity Driven Short-Term Recovery**

In April 2025, the crypto market experienced a significant rebound, with Bitcoin (BTC) breaking through $83,000 and Ethereum (ETH) returning above $1,600, while AI concept tokens led with gains of over 15%. This rebound was mainly driven by multiple favorable factors:

1️⃣ **Policy Easing**: The Trump administration suspended new tariffs and lowered tax rates, alleviating concerns over trade conflicts and boosting market risk appetite.

2️⃣ **Liquidity Expectations**: The Federal Reserve may restart easing policies, combined with global central banks maintaining a low-interest-rate environment, injecting funds into the crypto market.

3️⃣ **Technical Recovery**: Bitcoin rebounded after finding support around $74,500, correcting short-term oversold sentiments.

However, there are still underlying concerns in the market:

- **Emotion-Driven**: The previous false news of a “90-day tariff delay” briefly pushed BTC up to $81,000, indicating the market's high sensitivity to news.

- **Weak ETH**: Ethereum's gains lagged, with its market cap share dropping to a year-low, reflecting concerns over its competitive edge in the ecosystem.

The short-term rebound may continue, but caution is needed regarding the volatility risks brought by macro data (such as CPI, PPI) and policy changes. **#Bitcoin #MarketAnalysis**