Bitunix Analyst: Crypto Market Volatility Rises in Short-Term, BTC Needs to Pay Attention to $80,500 Support and $85,000 Pressure
2025-04-12 08:24:27
On April 12, according to data released by the University of Michigan, as concerns about the escalation of US trade tariffs rapidly increased, the preliminary value of the US consumer confidence index in April plummeted to 50.8, the lowest level since June 2022, far below the market expectation of 54.5. At the same time, consumer expectations for one-year inflation rose to 6.7%. On the other hand, the monthly rate of PPI continued to decline, and the data soft data and hard data continued to decouple. Bitunix analysts suggest: this sharp decline in consumer confidence data, coupled with the background of soaring inflation expectations, investors' risk appetite has declined, and the crypto market has been shaken in the short term. BTC needs to hold steady the key support of 80.5K, otherwise it may start a new round of downward exploration. It is recommended that investors control their positions in the short term and strictly implement risk control strategies.
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