The crypto market witnessed a slight resurgence on April 1st, with investors responding to the recent downturn with buying activity. Bitcoin (BTC) rose marginally to $84,000, while Pepe (PEPE), EOS (EOS), Bonk (BONK), and Fartcoin (FARTCOIN) all experienced over 5% gains within the past 24 hours, with a notable surge in trading volume across exchanges. 24-hour trading volume saw a jump of 18%. This rebound occurred despite U.S. stock index futures continuing their downward trajectory. Futures tied to the Dow Jones fell by 250 points, while the Nasdaq 100 and S&P 500 indices dropped by 0.5%. The decline in Bitcoin and Ethereum balances on exchanges, a sign of easing selling pressure, could be a contributing factor to this recent rally. CoinGlass data shows that Bitcoin’s exchange holdings have decreased from 2.25 million in March, while ETH balances have dipped to the lowest point in years at 14.5 million. This potential catalyst for BTC and other altcoin performance might be short-lived. A dead cat bounce scenario is a possibility given current market risks. Donald Trump’s upcoming Liberation Day announcement could exacerbate this risk. His plans to unveil sweeping tariffs as a means of raising funds for tax cuts and boosting U.S. manufacturing may trigger retaliatory tariffs from several countries, particularly in the European Union. This trade war threat could fuel inflation, prompting the Federal Reserve to delay planned interest rate cuts. Technical analysis further supports this pessimistic outlook. Bitcoin remains below key resistance at $89,156. A break of this level would suggest a potential bullish turnaround, but for now, it appears as if bears are in control of market dynamics. If Bitcoin fails to overcome the key resistance level at $95,000 and continues its downward trend, altcoins like Pepe, EOS, Bonk, and Fartcoin are likely to follow suit. This raises concerns that the recent rally might not be a genuine indication of sustained growth.