Technical analysis by FeelsStrategy about Symbol BTC: Buy recommendation (10/19/2024)

BTC Global M2 or Global Liquidity?👥Many people pay too much attention to Global M2 even though it is not nearly as important to Bitcoin as global liquidity.📝Global M2 mostly does not give us any data on real liquidity infusions, just an increase in the money supply, which simply shows us inflationary expectations.📝Of course, against the background of inflationary expectations, owning Bitcoin is a good idea, but it does not directly influence the asset.💡At the same time Global liquidity, shows the actual actions of central banks, such as QE/QT, fiscal measures, and lending, which is more important.