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[Analyst: Bitcoin Daily Chart Shows That A Golden Cross Pattern Is About To Appear, And Concerns About Rising U.S. Treasury Yields May Be Exaggerated] According To TechFlow, On October 23, According To CoinDesk, The Price Of Bitcoin Fell After Approaching The $70,000 Mark, Triggering Market Concerns About The Impact Of Rising U.S. Treasury Yields. However, According To The Analysis Of TS Lombard, A Macroeconomic Research Institution, Such Concerns May Be Exaggerated. Dario Perkins, Managing Director Of TS Lombard, Pointed Out That The Federal Reserve Currently Believes That Monetary Policy Is Still Tight And Hopes To Gradually Cut Interest Rates. He Emphasized That The Recent Rise In Treasury Yields Is Consistent With The Past "interest Rate Cuts In Non-recessionary Periods" And Should Not Be Regarded As Unfavorable To Risky Assets. Technically, The Daily Chart Of Bitcoin Shows That A Golden Cross Pattern Is About To Appear, Suggesting A Bullish Outlook. The Golden Cross Refers To The Short-term Moving Average (50-day Moving Average) Crossing The Long-term Moving Average (200-day Moving Average), Which Is Usually Regarded As A Signal Of A Strong Rise. Historical Data Shows That Within A Year After The Golden Cross, Bitcoin Has Achieved A Three-digit Percentage Return Many Times
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