šØ Market Update šØ
The question on everyone's mind: Will $BTC reach a new high of $32,000?
It's hard to say if this is a sign of strength or the start of pressure.
BTC has been trading around $88.7k for a while now, and it's not just a coincidence that the Bank of Japan rate decision is coming up.
A potential rate hike could lead to a yen carry trade unwind, reducing liquidity and causing risk assets to drop in value.
The technical analysis shows an oversold RSI, but the overall structure remains bearish.
Key levels to watch:
š Support near $85.1k
š Resistance around $93.1k
Don't fight against macroeconomic trends.
Wait for confirmation before making a move or you might get trapped in a losing position.
What's your prediction for the next move? š¤
