Merlijn has done a good job with the setup—BTC is strongly compressed in this downward channel, BB narrowing at the lowest point in many months signals a big move coming soon.

The current price of ~$87K is perfectly protecting the support area of $85K-88K so far. The BOJ's interest rate hike tomorrow (86% has been priced in) could spark volatility in the Yen & short-term risk-off pressure.

But if it holds the $83K line & reclaims resistance at $91K-94K this week, a surge to retest $100K+ will open up. Historical volatility expansion often favors the bulls.

Calm position—the shakeouts end, the trend continues.