According to BlockBeats, Matrixport's recent daily analysis highlights the renewed focus on global currency supply indicators in the market. Last week, these indicators successfully signaled a minor Bitcoin price correction, capturing the interest of many traders. Historically, liquidity-based indicators have been more accurate in predicting Bitcoin prices. However, due to the widespread attention these indicators receive, their signals can often be amplified by market sentiment, potentially impacting short-term price movements.
The upcoming week is crucial for validating the effectiveness of these signals. As long as this market belief persists, it could translate into genuine buying momentum, further influencing trading directions. Although the long-term correlation between these indicators and Bitcoin prices remains unstable, like most trading tools, they hold reference value as long as they continue to be profitable.
