On April 4, Matrixport's latest investment research pointed out that US President Trump recently announced a new round of tariff measures. Although the stock market has corrected, the market response is relatively mild, indicating that the current situation has not yet been regarded as a comprehensive "risk aversion" event. Bitcoin prices are currently blocked in a key resistance zone of $90,000, and buying interest remains low. The Fed's stance is neutral, and the contraction of basis and financing rates suggests that arbitrage selling pressure may weaken. The analysis also mentioned that the U.S. earnings season is approaching, coupled with the recent decline in the ISM manufacturing index to contraction range, the market may face further weakness. At the same time, the bitcoin option skew rate once soared to 20%, reflecting increased market demand for downside protection around $80,000, but has fallen back to 9% as tariff concerns fade. Matrixport believes that Trump may stabilize market sentiment through policies such as tax cuts or deregulation, which may create a more favorable investment environment for the manufacturing return plan. Changes in market sentiment may trigger moderate buying, and investors need to pay attention to the potential impact of tariff policies on the crypto market.