On March 31st, China's manufacturing PMI rebounded to 50.5%, indicating economic activity warming up, but small and medium-sized enterprises' PMI 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 2nd, 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's perspective: The market still faces external policy risks, and BTC may test the support level of $78,500 in the short term. If risk sentiment continues to deteriorate, BTC might drop back to the critical support of $75,000, but if BTC breaks through $82,500, it may challenge the range of $85,000-$86,000. Investors need to cautiously observe market trends.