BTC： As of April 17, 2025, the current price of BTC is $84600; The daily chart level shows a fluctuating trend. Yesterday's daily chart closed with a "spindle line", showing a longer upper shadow and a significant decline in trading volume compared to the previous high point, indicating that bulls attempted to attack but encountered selling pressure, and market sentiment remained cautious. On chain data showed a net outflow of 2046 US spot Bitcoin ETFs (approximately $171 million) yesterday, reflecting the cautious attitude of institutional players and the fact that market selling pressure has not completely subsided. The decline in turnover rate further confirms that the flow of funds is more driven by internal platform behavior rather than real transactions. At the macro level, Federal Reserve Chairman Powell has made it clear that there are no plans to cut interest rates in the short term, and the balance sheet reduction will continue to advance. Coupled with the potential inflationary effect of tariffs, expectations of policy easing have fallen through, and market sentiment has been suppressed. However, the easing of geopolitical and economic risks provides some support for the market. Overall, Bitcoin is expected to maintain a volatile pattern in the short term, with support around $83000 increasing. Coupled with the easing macro environment and favorable policies in the cryptocurrency industry, the momentum for future rebound still exists.