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For the past 2 years, one event has repeatedly appeared before major market shakeouts: a Bank of Japan rate hike.
It happened in March 2024, July 2024, January 2025, and December 2025. Each time, markets sold off. Each time, investors later called it a buying opportunity.
Now, another BOJ decision is here.
A move to 1% rates would add more pressure to the carry trade that has fueled global risk assets for decades. But this time, the backdrop is different:
📉 Stocks are already weakening 📈 Short interest is rising 🛢️ Oil remains elevated 🏦 The Fed delivers its outlook just one day later
The last four BOJ-driven selloffs recovered with central bank support. This time, markets may have to stand on their own.
Tomorrow, Japan moves first. Then the Fed takes the stage.
$100 in $SPCX today at $160 buys you 0.625 of one share and I genuinely think that is a perfectly valid starting point, the average analyst 12 month price target is $164 with a high estimate of $227, if SPCX hits $227 your $100 becomes $141, not life changing but it builds a habit and a position, the first earnings report comes on September 2 2026 and I personally think that is the real event to watch SPCXUSDT Perp 214.47 +28.27% TSLAB 404.85 -1.32% if Starlink revenue beats expectations the stock could re-rate significantly higher and your small position benefits just as much as the big ones. $NVDAB #USIranDealConfirmed BitmineBuys$136MInETHFundedByPreferredStockXRPBreaksAbove$1.20Up8Pct
This chart is showing a weekly TAOUSDT perpetual contract setup with a very bullish risk/reward projection.
What the chart is suggesting
Current price: ~$274
Support zone (pink box): ~$185–220
Major resistance (pink box above): ~$730–760
The blue rectangle represents the projected upside target area.
The creator is effectively betting that TAO has formed a long-term base and could eventually revisit its previous cycle highs.
Why traders like this setup
1. Strong historical support
Price has repeatedly reacted around the $180–220 region.
Multiple weekly wicks show buyers stepping in there.
2. Large accumulation range
TAO has spent many months moving sideways.
Long consolidations often precede large moves, although direction is never guaranteed.
3. Risk/Reward
Entry: ~$270
Invalidated below: ~$185
Target: ~$730+
Potential reward is much larger than the defined risk.
What would strengthen the bullish case
Weekly close above $320–350
Break above $450–500
Increasing volume on rallies
Bitcoin remaining in a broader bull market
Risks
The chart assumes support around $185 holds.
If TAO loses that level on a weekly basis, the bullish structure weakens considerably.
The projection to $700+ is a thesis, not a prediction. Markets rarely move in a straight line.
Comparing with your first image
Your first image showed a violent move from roughly $250 to $530 in a very short period, which looks like a leveraged perpetual contract spike. This weekly chart is much more conservative and is arguing for a multi-month or multi-year move rather than an immediate rally.
My interpretation: the chart is reasonable as a long-term bullish thesis, but the key level is the $185–220 demand zone. As long as that area continues to hold on weekly closes, the possibility of a move toward $500–750 remains technically plausible. A weekly break below it would invalidate much of the setup.
$SHIB still holding around key support after the recent pullback.
Price is compressing near the lower range. A strong bounce from here could bring another move toward resistance, while losing support may open the door for more downside.
That ~$2150 zone feels like the trigger point right now. Bears still have control, no denying that, but reclaiming it could flip momentum fast and trap a lot of late shorts.
No rush trying to front-run it though. Confirmation first, then let the squeeze do the work.