š $BTC Watch: BoJ (Dec 19) Rate Hike Risk & $74K Support
š $BTC broke down from consolidation and is sliding in a descending channel. Market is -1.51% (24h) and ~ -7% on the week; a clean loss of support keeps $74K in play.
š¦ Japanās potential hike matters: higher yen rates can unwind the yen carry trade and tighten global liquidity, pressuring risk assets like $BTC.
š History shows BoJ hikes often coincide with sharp crypto deleveraging. With leverage still elevated and retail sentiment soft, downside moves can accelerate.
š Coinbase premium just hit a 1-month low, hinting at weaker U.S. institutional demand. Into Dec 19, reduce leverage, define invalidation levels, and watch Tokyo headlines.
