Deep Tide TechFlow News, October 23, according to CoinDesk, Bitcoin's price has fallen back after approaching the $70,000 mark, raising concerns about the impact of rising US Treasury yields on the market. However, according to macroeconomic research firm TS Lombard, these concerns may be exaggerated.

Dario Perkins, Managing Director at TS Lombard, pointed out that the Federal Reserve currently believes monetary policy remains tight and hopes to gradually lower interest rates. He emphasized that the recent rise in Treasury yields is consistent with past situations of 'rate cuts during non-recession periods' and should not be seen as detrimental to risk assets.

From a technical perspective, Bitcoin's daily chart indicates an imminent golden cross pattern, suggesting a bullish outlook. A golden cross occurs when the short-term moving average (50-day moving average) crosses above the long-term moving average (200-day moving average), which is typically seen as a strong signal for an upward trend. Historical data shows that within a year of a golden cross, Bitcoin has often achieved triple-digit percentage returns.