Technical analysis by FeelsStrategy about Symbol BTC on 10/22/2025

BTC & Business Cycles 🔄 (Part 2) In the previous post, I explained how the ISM PMI reflects macroeconomic business cycles — now let’s look at how we can actually anticipate these cycles. 📈 The Global M2 (money supply) tends to lead the business cycle by about 6 months. When liquidity starts expanding, it fuels economic growth and risk appetite — and the crypto market, being one of the most liquidity-sensitive assets, reacts early. 📝 This is why #altcoins are especially dependent on liquidity flows. While Bitcoin can perform under tighter conditions due to its store-of-value narrative, altcoins rely heavily on surplus liquidity and speculative capital to thrive. 💡 The liquidity cycles continue to expand, which shows us where the ISM PMI will be in 6 months. Therefore, we can say with a high probability that we will not have a lost business cycle, but it will simply develop later.