All eyes are on Japan's interest rate decision tomorrow. I've been looking back at how the market has moved in the past, particularly when rates went up by a quarter-point.
The whole game this time comes down to one thing: everyone saw it coming versus getting blindsided. Remember last year? The surprise hike sent $BTC tumbling from $62,000 to under $50,000 because no one was braced for it.
This time is different. The market has already baked in the news. Most traders are set up for a drop, and a lot of money is waiting on that side of the trade.
So, from what I'm seeing, there's probably not much room left to fall. I’m expecting a maximum pullback of around 5%—which would mean Bitcoin testing $80,200, maybe dipping to $78,500, and in a worst-case scenario, touching $74,500. After that shakes out, I think we’ll see a solid bounce back toward $89,500.
Looking further out, the setup for next week is pointing toward the $101,500 area.
