#BTC and Market Update.
2024 Like Huge drop until 49k zone??
rate hikes coming with highest in 30 years.
#BankOfJapan Rate Hike decision coming tomorrow, if we look at 2024 biggest drop in Crypto history then Bank of Japan Rate hikes acts differently and sink the market. in August 2024 When Bank of Japan hike he rates then BTC and Market crashed to 49k level with major Alts bleeding up to 50%.
Longs should be avoided and shorts should be taken with tight stoploss. we can see this until new year.
holidays also coming soon, so we will see less volume in market.
Alts will go to weekly supports so be active. BTC next major support is multi-year Resistance 69k which is now flipped in to support.
this is my own analysis and you can disagree.
do your own research too and see the history when Rate hikes occurs.
