The macro market has changed suddenly, and the future trend of BTC is summarized at a glance

In the past 24 hours, the market trend fluctuated violently with the news. As the details of Trump's tariff policy fluctuated repeatedly - from the rumor of "90-day suspension" to "false rumors", Bitcoin fluctuated violently in 24 hours, reaching a low of $74,436 and then rapidly rising to $81,200, with a daily amplitude of up to 9%.

As of the time of writing, Bitcoin temporarily maintained the key support level of $79,000, and Ethereum struggled to recover after falling below $1,500, with XRP at $1.92.

The derivatives market was full of risk aversion, and the total open interest of the entire network dropped by 10% to $91.19 billion. Coinglass data showed that the amount of liquidation in the past 24 hours exceeded $1 billion, and the market value of Bitcoin rose slightly to 62.6%.

Expert opinion: What will happen next?

Julio Moreno, head of research at CryptoQuant, believes:

"It's hard to buy the bottom now! The situation of Bitcoin has not improved. There is only one bull signal in the bull score index."

Cosmo Jiang, general partner of Pantera Capital, told Bloomberg:

"The current market trend is mainly driven by macro factors. The callback caused by this tariff is a specific event-driven decline, not due to deep economic problems. Just as tariff policy is an artificially injected variable, the Trump administration can also withdraw these measures when it believes that it has obtained enough concessions from other countries."

The latest report of Binance Research Institute believes that continued geopolitical and economic uncertainty may continue to dominate the market:

"Since 1930, the market has been in a state of decline, and ... The most aggressive tariffs since the 1990s are creating ripple effects in the macroeconomy and crypto markets. In the short term, cryptocurrencies are likely to remain volatile, with sentiment swinging as the trade war continues to develop. If macro conditions stabilize, a new narrative takes hold, or crypto reasserts its role as a long-term hedge, renewed growth could follow. Until then, markets are likely to remain range-bound and react to macro news.”

Stephen Wundke, director of strategy and revenue at quantitative digital asset investment firm Algoz, said:

“For now, markets hate uncertainty, so we can expect more volatile trading in the coming weeks/months, and the next rally to be delayed (just [quote] anyway) – unless Trump makes another strong statement about the crypto industry. But the only thing we can be sure of is that there is no certainty in what is currently coming out of the White House.”

Charlie Sherry, head of finance and crypto analyst at BTC Markets, said in his market update:

“Bitcoin recently lost the key support level of $79,000 to $80,000 that it had successfully held for the past month. This support level marked the bottom of the range after the correction from the all-time high. The next key support level is at $72,000. $, which was the highest point before the US election. A potential shift in Trump's position or emergency intervention by the Federal Reserve are two factors that could help Bitcoin prices rise back above $80,000. "

Bitcoin researcher Axel Adler Jr. pointed out:

Short-term forecasts show that Bitcoin prices will fluctuate and consolidate in the range of $81,600 to $88,700, with the key "biggest pain point" level of $86,000 becoming an important benchmark for the expiration of options on April 11. In the medium term, if macroeconomic uncertainty continues and expectations of a Fed rate cut increase, some traditional market funds may turn to Bitcoin to form support. However, we need to be wary of the risk of a sharp correction caused by investors' overall risk aversion.

Greg di Prisco, co-founder of centralized stablecoin development company M^0 Labs, commented on the long-term impact of the Trump administration on cryptocurrencies, saying:

Perhaps more important than Trump's direct actions, his influence on the legislative process is the most important development in the industry. The stablecoin bills considered by state governments will put the United States in a favorable position in the competition.

Prisco shared his top three predictions for the crypto industry in 2025:

1. I think you’ll see the GENIUS Act become the bill that the government finally agrees on and eventually passes, but that may happen in the second half of the year. 2. More traditional financial institutions will begin to launch tokenized products inspired by the success of BlackRock’s BUIDL. 3. Stablecoins will continue to prove themselves as the killer use case for cryptocurrencies. They will begin to integrate into mainstream fintech applications.