$BTC /JPY BEARS MAY TEST STRENGTH AS JAPAN HIKES RATES TO 0.75%
Japan has raised interest rates to 0.75%, potentially putting pressure on risk assets, including crypto. Let’s analyze $BTC/JPY:
Current Price: ¥5,200,000
Support Levels: ¥5,150,000 – ¥5,120,000 (strong demand zone, previous bounce)
Resistance Levels: ¥5,250,000 – ¥5,300,000 (recent highs, selling pressure likely)
Trade Setup:
Short Entry: ¥5,240,000 (near resistance)
Take Profit (TP): ¥5,150,000 & ¥5,120,000
Stop Loss (SL): ¥5,300,000
Alternative Long Setup:
Long Entry: ¥5,150,000 (support)
TP: ¥5,240,000
SL: ¥5,120,000
💡 Guiding Message: Market moves can be uncertain, but discipline and patience are your strongest allies. Stick to your plan, protect your capital, and every step forward is progress!
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