On April 4th, 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 reaction is relatively mild, indicating that the current situation has not been regarded as a comprehensive "risk aversion" event. Bitcoin price is currently blocked at the key resistance area of $90,000, and buying interest is still relatively low. The Federal Reserve's stance is neutral, and the contraction of the basis and funding rate indicates that the arbitrage selling pressure may weaken. The analysis also mentioned that the US earnings season is approaching, coupled with the recent ISM manufacturing index falling back to contraction territory, the market may face further weakness. At the same time, the bitcoin options skew rate once soared to 20%, reflecting the market's increased demand for downside protection near $80,000, but as tariff concerns gradually weakened, the skew rate has fallen back to 9%. 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 repatriation 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.