The Bank of Japan officially announced a 25 basis point interest rate hike, which indeed caused fluctuations in the crypto market. In fact, the market had already reacted last week, and this morning's rally was mainly because the negative news had been digested, which in turn stimulated the market to rise.
From a technical perspective, Bitcoin is currently oscillating around the key level of 2920-2930, accumulating positions. Whether this range can be broken depends crucially on the options expiration results at 4 PM this afternoon. Once the expiration is completed, a clear direction should become apparent.
Regarding liquidity, this period is indeed sensitive. After the rate hike expectations are realized, the market may need time to absorb the impact of the news, while also waiting for data guidance from options contracts. In the short term, paying attention to the support strength at 2920-2930 is particularly important.
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RektRecorder
· 2025-12-21 17:03
Unfavourable Information has been digested and instead it rises, I've seen this trap too many times, it all depends on whether the four o'clock Delivery can be strong.
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LoneValidator
· 2025-12-19 07:45
Bearish reverse operation? I've seen this trick too many times. Let's see the true colors at 4 PM.
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CryptoTherapist
· 2025-12-19 07:21
ngl, the psychological resistance we're seeing at 2920-2930 is literally textbook market anxiety syndrome... are you guys feeling the emotional volatility, or is that just my portfolio screaming? the real trauma happens after 4pm when reality hits different.
The Bank of Japan officially announced a 25 basis point interest rate hike, which indeed caused fluctuations in the crypto market. In fact, the market had already reacted last week, and this morning's rally was mainly because the negative news had been digested, which in turn stimulated the market to rise.
From a technical perspective, Bitcoin is currently oscillating around the key level of 2920-2930, accumulating positions. Whether this range can be broken depends crucially on the options expiration results at 4 PM this afternoon. Once the expiration is completed, a clear direction should become apparent.
Regarding liquidity, this period is indeed sensitive. After the rate hike expectations are realized, the market may need time to absorb the impact of the news, while also waiting for data guidance from options contracts. In the short term, paying attention to the support strength at 2920-2930 is particularly important.