PSE Trading|Bullish Outlook: Bitcoin Poised to Reach 100K This Cycle
Blog iconPSE Trading
Aug 23
Author: @zhi li @Macro Fang @chenchen zhang​ The current market environment presents several bullish signals for the cryptocurrency market, particularly Bitcoin.Part I Macro Data Increasingly PositiveThe collapse of yen carry trades has led to a significant unwinding of positions, causing the market to quickly correct itself, with the TOPIX index leading a "deep V" rebound. Since Aug 5, we have seen a swift market rebound led by increasingly positive macro data. The Fed's dovish stance, ...

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