Ueda Kazuo announced "interest rate hikes under certain conditions," causing Bitcoin to drop sharply in response, with the main force taking advantage of this news to dump the market, pressing the bulls to the ground for friction.

Once the Bank of Japan raises interest rates, the strengthening yen will drain speculative hot money from the market, and the leverage funds originally flowing into Bitcoin will inevitably contract.

Now that Bitcoin has broken down and fallen, it is the market’s pre-emptive pricing result. From a technical perspective, moving averages are turning downward to suppress, support levels are broken and broken again, and the bearish trend dominates the market.

However, the main force shaking out is just an opportunity to buy low; once the sentiment is digested, the profit space for a rebound will naturally open up. #BTC