BitUnix analyst: Short term volatility and upward trend in the cryptocurrency market, BTC needs to pay attention to support at $80500 and pressure at $85000

According to BlockBeats, on April 12th, data released by the University of Michigan showed that due to rapidly rising concerns about the escalation of US trade tariffs, the initial value of the US Consumer Confidence Index in April plummeted to 50.8, the lowest level since June 2022, far below market expectations of 54.5. Meanwhile, consumers expect inflation to rise to 6.7% in one year. On the other hand, the monthly PPI rate continues to decrease, and the soft data and hard data continue to decouple. BitUnix analysts suggest that the sharp decline in consumer confidence data, coupled with soaring inflation expectations, has led to a decrease in investor risk appetite and short-term volatility in the cryptocurrency market. BTC needs to maintain a key support of 80.5K, otherwise it may start a new round of decline. It is recommended that investors control their positions in the short term and strictly implement risk control strategies.