Matrixport: BTC Currently Stalled at $90,000 Key Resistance Area, Buying Interest Still Relatively Subdued

On April 4th, Matrixport stated in its latest research report that President Trump of the United States recently announced a new round of tariff measures. Although there was a stock market pullback, the market's reaction was relatively mild, indicating that the current situation has not been regarded as a comprehensive "risk-off" event. The price of Bitcoin is currently facing resistance at the crucial $90,000 level, with weak buying interest. The Fed's neutral stance, basis tightening, and funding rate contraction suggest that arbitrage selling pressure may weaken. Furthermore, the U.S. earnings season is approaching. Coupled with the recent decline of the ISM Manufacturing Index into the contraction zone, the market may face further weakness. Meanwhile, the Bitcoin options skew rate once surged to 20%, reflecting an increased market demand for downside protection near $80,000. However, as tariff concerns gradually decrease, this skew rate has dropped to 9%. Matrixport believes that Trump may stabilize market sentiment through policies such as tax cuts or regulatory relaxation, which could create a more favorable investment environment for the reshoring of manufacturing. Changes in market sentiment may trigger moderate buying interest, and investors need to pay attention to the potential impact of tariff policies on the crypto market.