Bitcoin: Liquidity Canary Signals Market Shift

Bitcoin remains the canary in the liquidity coal mine according to Michael Howell of CrossBorder Capital, who joined Bitcoin News to explain why the asset fell first and turns first on liquidity shifts.

The discussion covered the broken BTC/M2 chart, the Fed's unnamed QE program, and why the great debasement phase has yet to begin, reinforcing Bitcoin as the most liquidity-sensitive asset on the planet.

Price action on the 4h chart shows BTC at $77444.32 inside a bullish structure with EMA50 at $67879.28 and EMA200 at $65127.17 acting as concrete support, while RSI at 94.46 flashes overbought and MACD holds a golden cross at 3296.33; with price testing upper Bollinger resistance at $79655.14, a healthy retracement toward the 50-EMA support at $67879.28 appears probable before continuation.