Oh my, after the 'shoe dropped' on the interest rate hike, BTC not only didn't crash but instead surged upwards, directly pulling back to 87,000 in just one hour! Many people were caught off guard and shorted, and the market went the opposite way, leaving them bewildered, right? Don't panic, let me explain it clearly: this market plays with 'expectation differences', what you think is bad news may have long been 'arranged' clearly by institutions in advance.
News: Why did interest rates not drop but instead rise?
Today, the Bank of Japan raised interest rates by 25 basis points as expected, and the market had already begun to 'digest' this expectation a month in advance. The previous decline was part of the 'interest rate hike panic market'.
Now it is really announced, instead it is a typical reaction of 'bad news is good news'—institutions take the opportunity to reverse and push the market, cutting off a wave of short-selling retail investors.
This is called:
Buy expectations, sell facts.
Moreover, at 2:30 PM, the Governor of the Bank of Japan will also speak, and the market is still waiting for clues on 'whether to continue raising interest rates in the future'. If the statement is mild, the market may continue to oscillate upwards; if hawkish, be careful of another sharp drop!
If you are not clear about the specific timing, you can pay attention to Tianji, who reminds friends who have followed me in real-time 24 hours a day.
Technical aspect: The 1-hour candlestick hides secrets.
Price: Currently standing at around 87000, with short-term pressure at 87500. After breaking through, look towards 89000.
Indicator: The appearance of the 'death cross under water' in the chart indicates that the short-term is still in a stage of oscillation adjustment, but the downward momentum is weakening.
Structure: The support below is around 84000, as long as it doesn't break, it is still a sideways pattern in the short term.
In simple terms: The 1-hour level is still in the oscillation range, but under the stimulus of news, it is testing pressure upwards. The key is whether it can stabilize above 87500.
Tianji's idea: There was just a suggestion to buy the dip in batches. If you want to enter a short position, you can wait to enter after the speech in the afternoon.
Currently holding a short position, if you are in a loss, continue to hold for now. If you don't know how to operate, you can pay attention to Tianji, as Tianji will provide direction in the community.
Personal opinion: I believe this wave of rise is a typical reaction of 'bad news is good news'. The market has already priced in expectations, and after the news is released, it instead welcomes short covering and short-term buying. The market always reacts first, and the news comes afterward. Interest rate hikes are not scary; what’s scary is blindly following emotions to operate. Pay attention to the Governor's speech at 2:30 PM and adjust strategies at any time. If you can hold steady, you can last longer.
The market always has opportunities; the key is to operate calmly. Tianji will continue to help everyone monitor on-chain dynamics, moving steadily forward together! Pay attention to Tianji and participate in every attack of Tianji villagers! Tianji will announce specific entry times and real-time news in the community every day!
