The Bank of Japan announced a 25 basis point rate hike, and the market reaction was in line with expectations. However, after this policy signal was released, Bitcoin's short-term performance appeared somewhat weak—recently, it has repeatedly tested the $90,000 mark. Each attempt to break through has been met with a pullback, forming a typical pattern of rising fatigue.
The current price is rebounding around the $90,000 level, which looks tempting, but caution is advised. In this environment of repeated rises and falls, chasing the high carries significant risk. The market seems to be wearing out the bulls' patience, and once large funds believe the upward momentum is insufficient, a rapid plunge could happen at any time. Instead of chasing the rally, it’s better to wait for clearer breakout signals or opportunities for a pullback to support levels. Preventing being caught in a trap is the most prudent choice right now.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Bank of Japan announced a 25 basis point rate hike, and the market reaction was in line with expectations. However, after this policy signal was released, Bitcoin's short-term performance appeared somewhat weak—recently, it has repeatedly tested the $90,000 mark. Each attempt to break through has been met with a pullback, forming a typical pattern of rising fatigue.
The current price is rebounding around the $90,000 level, which looks tempting, but caution is advised. In this environment of repeated rises and falls, chasing the high carries significant risk. The market seems to be wearing out the bulls' patience, and once large funds believe the upward momentum is insufficient, a rapid plunge could happen at any time. Instead of chasing the rally, it’s better to wait for clearer breakout signals or opportunities for a pullback to support levels. Preventing being caught in a trap is the most prudent choice right now.