On March 31, China's manufacturing PMI rebounded to 50.5%, indicating economic activity recovery, but the PMI for small and medium-sized enterprises remains below the boom-bust line, with market confidence still uncertain. Meanwhile, the market is focusing on the "reciprocal tariff" policy to be announced by the United States on April 2, which may impose additional tariffs on Chinese imported goods, intensifying global economic pressure. In the short term, the recovery of China's economic data may be favorable for BTC, but if the US tariff policy triggers market risk aversion, it could put pressure on BTC.

Bitunix Analyst Perspective:

The market still faces external policy risks, and in the short term, BTC may test the support level of $78,500. If risk sentiment continues to deteriorate, BTC may fall back to the critical support of $75,000, but if BTC breaks through $82,500, it is expected to challenge the range of $85,000-$86,000. Investors need to cautiously observe market trends.