🚨 What caused the Bitcoin breakthrough & How Bank of Japan's decision on interest rate can influence the BTC Prices in coming weeks. ⚠️
🪙 As Bitcoin broke through 100,000 🚀 💯
♻️ Market Sentiment Instantly Changed ‼️
🌐 Recently, BTC broke through $100,000 due to the positive CPI, few days ago. Although Trump's inauguration on January 20th is expected to bring some Pump expectations, this sentiment may be completely absorbed by the Market Makers and could lead to a concentrated Dump.
▫️However, we need to pay attention to the potential major risk in the long and short term, which is whether the Bank of Japan will announce a significant negative interest rate hike at the interest rate meeting next week. Currently, the Bank of Japan's 'hawkish sentiment' is not dead, the expectation of interest rate hike is warming up, and the choice is left to Trump.
▫️According to reports, officials from the Bank of Japan believe that there is a high possibility of Japan raising interest rates next week (1.24) as long as Trump's presidency does not cause too many negative surprises. In simple terms, the more stable Trump's policies are, the higher the probability of Japan raising interest rates. From 1.20 to 1.24, there may be a rapid rise and fall, as well as a possible pump and dump around the FOMC meeting on January 29th.
🔻On the day when Japan raised interest rates to 8.5, btc plunged from $62,700 to $48,888 directly. Burying countless long positions that day. Longs have to be cautious. If they continue to stand still, they will wait for the opportunity to surge after the Fed meeting at the end of the month. ⚠️
🔺The pressure is high near $100,850 and $102,700 and it is not advisable to chase high in the short term. ‼️
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