Part 7/16:
The discussion highlighted that if Bitcoin fails to hold the recent support, especially if it drops below $56,500, the market could test lower levels around $52,000. Conversely, staying above this support increases the likelihood of a continued sideways consolidation or upward move.
Liquidity Dynamics and Central Bank Moves
Liquidity was a major focus, especially in light of the recent actions by the Bank of Japan (BoJ), which sold trillions of yen and bought back US Treasuries, and the reactions of US authorities. Mando explained how the US Federal Reserve’s pivot to a more dovish stance, along with comments from Janet Yellen urging Japan to cease Treasury sales, created synchronized macro events that briefly boosted markets.