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🚨 China just printed a BEATING PMI.
Manufacturing PMI: 50.3 vs 50.1 expected.
Third consecutive month of expansion.
This is RISK-ON for crypto, not risk-off.
Here's why it matters today:
Most traders expected a weak China print to add to the bearish pressure on BTC. The opposite just happened.
High-tech manufacturing exports linked to the AI boom are driving the beat. Output growth accelerated. New orders expanded after contracting last month.
This removes one of the bearish catalysts everyone was bracing for today.
What's still ahead today:
🇪🇺 Eurozone CPI Flash (June) — the next major catalyst
🏦 STRC ex-dividend + rate reset — watch for Strategy's next BTC buying signal
If Eurozone CPI comes in cool → ECB cut bets rise → risk-on continues
If hot → could offset today's good China news
BTC still fighting at $59,800.
One good data point doesn't fix the structure.
But it removes a reason to panic further.
Watching $60K closely. 👀
Not financial advice. DYOR.$BTC
#Bitcoin #BTC #ChinaPMI #CryptoTA