This Friday, the yen interest rate hike is basically a done deal!
Historical data tells us that the yen interest rate hike has a huge impact on BTC, and the volatility will inevitably be severe!
Historical reference: The 'fatal blow' of the yen interest rate hike on BTC
March 19, 2024 yen interest rate hike:
BTC volatility 8%, first dropped 5%, rebounded the next day and then again had a volatility of 8%!
July 31, 2024 yen interest rate hike:
BTC volatility 2%, the next day plummeted 5%, and it took about a week to hit the bottom!
January 24, 2015 yen interest rate hike:
BTC volatility 4%, a slight increase on the day of the interest rate hike, but continued to decline afterward!
How will BTC move this time?
Upper pressure: 90500-91500
This is the rebound pressure range for BTC. As long as the rebound does not break through these two positions, the market will still be bearish!
If it breaks through 91500, pay attention to the pressure level of 93000!
Today's key support is 88400; if it holds here, the market is expected to trigger a rebound
If it drops below 88400, the downward target support will successively look towards 87500 and 86300
Operational strategy: primarily short
Friends who followed this wave of 92500 shorts in the past two days can continue to hold their remaining positions
For those who don’t have any positions, wait for tonight's US stock market to layout new strategies
Chat room on board 😌😌
