A yen interest rate hike this Friday is virtually certain, representing the biggest uncertainty in the market right now. While it could potentially cause a procedural crisis, there's no need to panic excessively.
Referring to past yen interest rate hikes and their impact on BTC's price action:
March 19, 2024: Yen rate hike caused BTC to fluctuate by 8% and fall by 5%. The following day, it fluctuated again by 8%, bottomed out, and rebounded!
July 31, 2024: Yen rate hike caused BTC to fluctuate by 2%, fall by 5% the following day, and continue to decline, bottoming out in about a week!
January 24, 2015: Yen rate hike caused BTC to fluctuate by 4%, rose slightly, and then continued to decline!
What about this time? BTC is at a crucial position. I believe it will be affected, but there will be an opportunity in about a week after the impact. A rebound is more likely afterward, so wait for the opportunity and don't panic! #OKX
twitter.com/cloakmk/status/200...