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BitUnix analyst: China PMI rebound boosts market sentiment, market focuses on equal tariff process, BTC long-term support level at $78500

律动BlockBeats
律动BlockBeats|3月 31, 2025 11:03
According to BlockBeats, on March 31st, China's manufacturing PMI rebounded to 50.5%, indicating a rebound in economic activity. However, the PMI for small and medium-sized enterprises remains below the boom bust line, and market confidence remains uncertain. At the same time, the market is paying attention to the "reciprocal tariff" policy that the United States will announce on April 2, which may impose tariffs on Chinese imported goods and exacerbate global economic pressure. In the short term, the recovery of China's economic data may be positive for BTC, but if the US tariff policy triggers market risk aversion, it may put pressure on BTC. BitUnix analyst opinion: The market still faces external policy risks, and BTC may test the support level of $78500 in the short term. If risk sentiment continues to deteriorate, BTC may retrace to the key support of $75000, but if BTC breaks through $82500, it is expected to challenge the $85000-86000 range, and investors need to carefully observe market trends.
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