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#Bitcoin is now currently trading around $87,500. It is dumping exactly as predicted after breaking down from the triangle, as per our previous update. Those who opened a short position after the breakdown will be in good profit. If it pumps from here, then it may go towards the upper resistance zone. Keep an eye on it and stay tuned with us for further updates.
Today, Nikkei reported that the BOJ can do a rate hike at its Dec 18–19 meeting.
This was not what markets were expecting, and this news caused the Japan bond yield to spike.
As soon as yields started to go up, the markets started going down.
This is because every time the BOJ has raised rates, Bitcoin and altcoins have seen sharp downside moves.
Japan has been a major source of cheap liquidity for decades, and when Japanese policy tightens, carry trades unwind, liquidity pulls back, and the markets dump hard.
Another reason is the upcoming Dec 19 quarterly options expiry, when a large amount of stock and ETF options expire.
These expiries are worth trillions and often push markets lower before positions settle.
Now that these two events are happening close together, the downside pressure on the market is clearly higher.
Also, Bloomberg reported that BOJ is planning more rate hikes in 2026, which will make things worse.
I think if BOJ does a rate hike, the market will experience a flash crash before reversal.
zec coin in bull season is over. It has started its downward journey. No one should hold it. It will cause big losses. That is why the bull season and the ability to pump and the trend are over.
I think it will make a big dump. Solana holder should be very careful, that is, future trader should pay close attention to this. This will be an opportunity for spot trader.$SOL #TradeEagle75
#Ethereum is now trading around $2975. It has already broken down the Head and Shoulder pattern and is looking bearish. Now, the possible scenarios are: According to the pattern, we may see bearish momentum, and the price could go towards $2900. Otherwise, if the price pumps from here and breaks above the neckline, then the breakdown will be considered invalid. Keep an eye on it and stay tuned with us for further updates.
#Ethereum is now trading around $2975. It has already broken down the Head and Shoulder pattern and is looking bearish. Now, the possible scenarios are: According to the pattern, we may see bearish momentum, and the price could go towards $2900. Otherwise, if the price pumps from here and breaks above the neckline, then the breakdown will be considered invalid. Keep an eye on it and stay tuned with us for further updates.