PANews reported on August 17 that Zhu Su said on the X platform that the current market lacks bearish reasons:

  • Macro concerns recede;

  • Peace in Gaza is coming;

  • The summer off-season is over;

  • It is welcoming greater trading volume and liquidity;

  • People are familiar with the saying "cycles come and go";

  • CZ’s release date is approaching;

  • Bitcoin is approaching $60,000 and the charts are looking positive.