According to Milk Road, the Purchasing Managers' Index (PMI) has bounced to 50.3, marking the first time it has entered expansion territory since 2022. This development suggests potential early signs of economic recovery, which could create a bullish setup for cryptocurrency markets as growth and falling inflation typically favor crypto investments. Traders should monitor these economic indicators closely for further trends. [Source: Milk Road]

According to Milk Road (@MilkRoadDaily), the PMI has increased to 50.3, marking the first return to expansion territory since 2022. This development suggests early signs of economic recovery, which could have a bullish impact on cryptocurrency markets. The combination of economic growth and declining inflation is typically seen as a positive setup for crypto asset prices.

According to The Kobeissi Letter, after successfully predicting a reversal at 5500, they reiterated their target of 5700, which was hit today. Following this achievement, they exited the bullish setup. They encourage subscribing to access their alerts for future trading opportunities.