In the early morning, the White House stated that Trump is willing to reach an agreement with China to ease tensions. Continue to follow the developments. At 2 AM, Bitcoin peaked at around 84300, still being pressured by 85000, as mentioned yesterday.

There should be no big upside until the end of the month. But it doesn't mean that you can continue to attack, and don't say good news or anything, continue to rise, and the previous bottom of about 7500 will definitely be sold. So it will still hold down the price, even if 8500 breaks through and stands firm, there is still 87700, which is the position where there was no breakthrough to stand firm before. So it may continue to oscillate.
Then at the end of the month, there will be GDP data and PCE data. Especially the GDP data, if it cannot be obtained, there will be risk aversion. After that, in May, we will look at the economic data and employment data for April. Note that this inflation data includes tariffs.
It now seems that various macro data and market performance indicate an economic slowdown. If old Powell puts interest rate cuts on the agenda, it is highly likely that the market will think you are afraid of a recession, hence the rate cut.
So this logic is different from the interest rate cut last September. This kind of rescue-style interest rate cut will not be beneficial for the risk market (US stocks and btc).