The recent homework is difficult to write, and the market sentiment is in a mess. The two words that are entangled are tariffs, which completely erased the positive sentiment of the January and February elections. Today, even Federal Reserve official Jeff Schmid is expressing that optimism about inflation is not as good as at the beginning of the year. Although he believes that tariffs may be a short-term effect, he is not willing to take any risks. In other words, the Federal Reserve's attitude towards tariffs is negative. The direct consequence of believing that it will have a negative impact on inflation is that there is no rush to cut interest rates. After all, having the interest rate weapon in hand is more effective in deterring the market than using it up. This also makes Friday's core PCE less important because this part of the data does not include inflation data after the new tariffs. Of course, it is still a good thing if it is low. If it is already high now, it will only be higher in the future. At present, there is no obvious risk aversion in the core PCE on Friday. The main reason for the decline of the US stock market is that Trump reiterated the tariff policy for Mexico and Canada since March 4 in his speech, instead of April 2, as many investors believe, all US stocks and cryptocurrencies have gone from slow rise to decline. Especially for the US stock market, the upward trend in the past two days was good, and investors barely regained their spirits. However, tariffs are reminding investors every day that the next period may not be easy. Currently, the market's forecast for core PCE is still good. Last month, the core PCE data was 2.8%, and the market expectation is 2.6% this month. If it really meets the market expectation, it means that the data that the Federal Reserve is most concerned about does have a downward trend, which should have been a good thing. Moreover, the monthly expenditure rate of individuals is also decreasing, and personal income is also decreasing. These three data are actually not good, representing a downward trend in the economy, which could have prompted the Federal Reserve to consider more interest rate cuts. In addition, the core PCE expected data provided by the Cleveland Fed is 2.66%, which is similar to market expectations. Any lower than the previous value is a good thing. If Friday's data can be within expectations, it will have a certain easing effect on market sentiment, but tariffs are still very important in essence, and there is also a dot matrix in March, which almost affects the investor sentiment in Q2. Of course, if the core PCE data on Friday is not good, then the mood is probably even worse. By the time I write this, Bitcoin has fallen below $84000 and there is no new bearish trend. It may be that some investors have started to take risks and their emotions are pushing them to anticipate a bear market. However, the difference between a bear market and a bull market is that some are afraid to buy at the bottom, while others are afraid to buy at the bottom. In fact, the change in BTC price by retail investors is not significant. In the past 24 hours, the mood has been bad, which has led to a decline in investor confidence and a continued increase in turnover rate. In particular, the panic of loss making investors has not ended. In the past two days, investors who have been buying at the bottom have increased their efforts to leave even if they are losing money, while earlier loss making investors have also shown a trend of unstable confidence. However, based on the data supported on the chain, the support between $93000 and $98000 is still quite stable. Although there are still a large number of investors leaving the market every day, at least for now, there is no sign of support breaking. Of course, for new followers, it may not be understandable, and even those looking at $60000 should know what it represents. The support on the chain represents the sentiment of investors with dense chips. As long as these investors do not choose to exit at the halving level to rebuild the support level, it means that the current support price is "attractive". Data has been updated, address: https://docs. (google.com)/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit? usp=sharing This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex