The Bank of Japan's recent rate hike expectations, I think, have already been fully priced in by the market. It's been almost half a month, and the liquidity and sentiment on major exchanges have long reflected this.
At such times, it's easier to see a bottom and rebound. Once the official confirmation of the news is announced, the bulls of $BTC and $ETH might start to move against the trend. The key still depends on today's technical performance in the market—if there are no new negative shocks causing a sell-off, I personally believe the probability of an upward breakout is quite high.
The main logic is: after the expectation gap is eliminated, the market tends to reprice itself. By then, those who sold off earlier might end up regretting it.
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MEVSupportGroup
· 12-17 16:51
Waiting for half a month? I think the bulls have already been itching to move, just afraid of another black swan.
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gas_fee_therapist
· 12-17 16:45
I'm really panicking now after cutting my losses half a month ago. I should have waited a bit longer.
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CryptoSurvivor
· 12-17 16:43
It should have been obvious half a month ago that those people indeed sold off too hastily.
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BlockchainArchaeologist
· 12-17 16:40
Half a month digestion period, now just waiting for technical confirmation. If there's no big sell-off, this rebound shouldn't be missed, and the guys who cut losses earlier will regret it to death.
The Bank of Japan's recent rate hike expectations, I think, have already been fully priced in by the market. It's been almost half a month, and the liquidity and sentiment on major exchanges have long reflected this.
At such times, it's easier to see a bottom and rebound. Once the official confirmation of the news is announced, the bulls of $BTC and $ETH might start to move against the trend. The key still depends on today's technical performance in the market—if there are no new negative shocks causing a sell-off, I personally believe the probability of an upward breakout is quite high.
The main logic is: after the expectation gap is eliminated, the market tends to reprice itself. By then, those who sold off earlier might end up regretting it.