On the first day of April, the market sentiment underwent repeated tests. Although cryptocurrencies led by Bitcoin have performed well in the past two days, the response of the US stock market on Tuesday was not very friendly. Before the market closed, stock index futures slightly declined and opened low. After the release of PMI data, the US stock market showed a slight rebound, but the rebound was not very strong. Moreover, tariffs still test investors' patience. Before the closing of the US stock market, the three major stock indexes all experienced a pullback, which also represents the market's uncertainty about tariffs. It's not just a matter of tariffs. Today, the latest forecast for the first quarter of 2025 in the United States given by GDPNow is -3.7%, which is a significant increase from -1.8%, more than doubling. Although GDPNow's data is not always accurate, if this magnitude of GDP data is true, then the US economy is likely to have problems. Compared with tariffs, the GDP data will be more troublesome, and the final result of tariffs is still unclear. Today, Israel canceled tariffs on the United States, and last week, India reduced tariffs on the United States by 55%, which can be seen as the gains from tariffs. But tariffs on Canada, Mexico and Europe are still the focus of the market. At 5:00 a.m. on April 3, Beijing time, Trump will officially announce the tariff issue. Looking back at the data of Bitcoin itself, there has been a slight increase in the number of investors who have changed hands, and they are still concentrated among short-term investors. It is estimated that the rising price has led many investors to choose to take profits and leave, but more investors are still those with holding costs below $90000. Although they are not panicking, these investors are estimated to have left in order to avoid tariffs. Overall, investors' emotions are still relatively normal at present, and there are no signs of panic. They are quietly waiting for the arrival of April 2nd. Investors between $93.000 and $98000 are still maintaining a small reduction in holdings, which has little impact on the price. Friends, it is still important to note that the current trend does not align with a reversal. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex