@yan1830
BTC Update
Even after the BOJ's rate hike decision, the market has maintained relatively stable prices.
Many analyses suggest that "since prices had been falling for several weeks following the BOJ's economic policy statements, this event was already priced in."
Personally, I believe it's still too early to state this definitively, but at least the current positive movement should be viewed favorably.
While the interest rate event has concluded, the market remains in a liquidity-constrained phase (Open Interest down ~30%).
Consequently, after a prolonged range-bound period, conditions are ripe for sharp spikes in either direction.
The current market presents significant challenges for short-term trading.
Price Structure:
On the H4 chart, BTC maintains a structure leaning towards a downtrend.
Since the weekend, prices have continued to range near the 88k resistance level.
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