Analysis: Bitcoin's rebound may step into the "bull market trap", the next important catalyst could be the US tariff statement on April 2nd

The rebound of Bitcoin after reaching a two-week high on Monday is facing the risk of premature termination, showing characteristics of a "bull trap" against the backdrop of ongoing macroeconomic uncertainty suppressing market sentiment. Potential tariff escalations and inflation concerns continue to put pressure on Bitcoin prices. Data from CryptoQuant shows that while the price of Bitcoin rose to $88,786 on Monday, funding rates turned negative, indicating traders are unwilling to pay premiums for opening new long positions in the perpetual contract market, signaling cooling leverage demand.

Augustine Fan, partner at SignalPlus pointed out that clarity in market direction needs to wait until April 2nd's key policy node. The next important catalyst will be the "Liberation Day" tariff statement; with Trump administration planning to announce a new round of tariffs plan on that day, macro-policy uncertainty may once again become a fuse disrupting balance in crypto markets.