$BTC 《2025.4.25：BTC》

Yesterday, China faced off against Trump, responding that negotiations have not yet begun, and the market was temporarily impacted.

But overall, the market judges that as long as Trump is willing to back down, there is optimism about the subsequent negotiations.

The market has once again entered a relatively stable period, with investors maintaining optimism, and global markets continuing to rebound.

The US stock market has a certain expectation for a rebound, but the monthly pattern has broken down severely; an early and rapid rebound may lay the groundwork for a larger collapse in the future.

Although Bitcoin's current rebound has risen, it is not a high certainty, sustainable increase; rather, it is a verbal rally based on news that quickly reaches the target level and then consolidates.

This type of rise is not very healthy and is difficult to serve as a basis for judging a bullish trend, and under the current macro conditions, Bitcoin's continued upward movement will encounter huge selling pressure.

The price is currently stuck around 94000, and a pullback to around 88000 is expected, so bulls need to be cautious.