Market analysis: With the recovery of global liquidity and the increasing expectations of the Fed’s rate cut, BTC may see a breakthrough in Q4

Mars Finance News, on-chain analyst @arndxt_xo pointed out that Bitcoin is currently in a similar "non-associated window period" as February 2025, with prices ranging between 100-108K, and BTC price trend has not yet synchronized with macro liquidity. However, historical data shows that changes in global major central banks' M2 money supply direction lead BTC performance in 80% of cases. The year-on-year M2 growth rate has turned from negative to positive, coupled with multiple Federal Reserve officials hinting at a potential rate cut as early as July, and the FOMC dot plot also supports one rate cut within the year. From a technical structure perspective, BTC has confirmed a golden cross, with the weekly trend still intact; if it breaks through 108K, it may explore up to 133K. If liquidity continues to improve and a policy shift arrives, Q4 could be a key window for BTC's upward momentum.