The financial circle exploded into fireworks in the early morning! The global market has plummeted dramatically, all eyes are on the interest rate decision to be announced by the Bank of Japan!

After enduring a -0.1% negative interest rate for 8 years and 1 month, the Bank of Japan has dismantled two low interest rate buffs in 2024: in March, it completely eliminated the negative interest rate, and after a 4-month respite, in July it ended the ultra-low interest rate era of 0-0.1%, and now it is even raising interest rates directly by 0.25%!

First, let’s clarify what negative interest rates are, don’t be scared! It’s not that you have to pay to keep your money in the bank! Rather, it’s the Bank of Japan managing commercial banks: if banks store excess money with the central bank, they have to pay interest to the central bank, forcing banks to lend money out for business, stimulating the economy. For ordinary people, the interest rates on savings are at most so low that they are nearly nonexistent, and it is impossible to lose money!

Now let’s talk about cryptocurrencies, which everyone is most concerned about:

Bitcoin has directly lost $42,000 since the beginning of October! If it falls two more times by $40,000, it will go to zero; Ethereum has dropped $2,000 compared to its peak, a decline of 30%-45%; those altcoins are even worse, falling to the point where even their mothers wouldn’t recognize them!

Japan, as the third-largest economy in the world, raising interest rates is no small matter. The yen is aiming to seize the C position in the global capital market, and the global market must tremble along with it.

As for market trends, I’ll be honest with everyone: those who are long have been forced to the wall, and in as fast as half a month or as slow as a month, this round of decline is about to bottom out, and afterwards there is a high probability of at least half a month of oscillating rebounds to give everyone some recovery, but this is not a market reversal!

Are you stuck? When to increase positions and buy the dip? Confused and helpless, not knowing what to do? Follow me, 👉聊天室 for insights. #美国非农数据超预期 #美联储降息预期升温 #加密市场观察 $BTC $SOL $ZEC