#MarketDownturn 🚨Japan's interest rate decision will be tomorrow at noon, if there is a hike, beware 🚨
Last time, Japan's interest rate peaked from 70800 to 49000, a drop of 21000 points. Currently, Bitcoin has an unfilled gap on the CME futures between 53800 and 54500.
If Japan raises the interest rate, will they use this as an excuse to fill this gap? Conservative traders are advised to adopt a wait-and-see stance.
The last drop to 49000 was caused by Japan's interest rate hike.
I prefer to avoid risk, in addition, long positions were closed near the previous high and large investors closed their positions to avoid risk and stayed on the sidelines.
So it is normal for the price to fall and lead to a correction.
If rising interest rates cause Japanese stocks to crash, it will cause other surrounding stock markets to crash, and the Dow Jones will also be affected.
Leave your opinion. $BTC