Summary
TLDR: Liquidity conditions have not been a setback for price momentum in the current cycle, but support drivers may face macro and technical challenges in the coming weeks.
Key Points
1. “Liquidity conditions” were a main setback to price momentum in previous cycles.
2. Support drivers are currently strong, but may face important macro and technical headwinds in the future.
3. The current market environment suggests that liquidity may not be the main obstacle to price momentum at this time.