$ETH $BTC $ZEC
The countdown for Japan's interest rate hike has begun, and Bitcoin is facing a critical moment. On December 19, the Bank of Japan may implement a 75 basis point hike for the first time in 30 years. The global financial markets have not fully digested this "financial shock," and the impact on cryptocurrency assets is a concern. In the short term, Bitcoin may drop to around $63,000.
Key Points:
Chain Reaction of Funds: If Japan ends its negative interest rate, low-interest yen funds may return to the home country, leading to potential outflows from high-risk assets.
Important Price Range: Several traders point out that after the rate hike, Bitcoin's short-term support will be tested around $63,000.
Comparison with the Past: During rate hike phases by major central banks, Bitcoin has experienced significant fluctuations. There is a possibility of increased volatility this time as well.
Future Focus:
1. Will there be an outflow of funds for risk aversion before the rate hike?
2. Can Bitcoin maintain its support?
3. Will altcoins decline further?
The cryptocurrency market can no longer escape the influence of global financial trends. Whether this will trigger panic selling or present a buying opportunity will soon be revealed by the market.
