Tuesday, Japan's rate hike comes to an end, initially bullish in the afternoon, then bearish!

Yesterday's positive news pushed prices higher, with Bitcoin once rallying to the 672 region, then starting to correct, with bulls holding steady at 656. The pattern remains strong, and in the midday, the Bank of Japan raised rates as expected. The deputy governor stated that Japan is bidding farewell to the easing era, and as long as inflation and the economy do not weaken rapidly, rate hikes will not stop.
This has further raised expectations for October's market outlook, with overall global liquidity tightening further, continuously suppressing speculative assets. But one point is that the market still has a few months to prepare, so there won't be a panic sell-off in the short term.
Our next focus is on the Federal Reserve decision, which is the key event this week. Over the next couple of days, the market will gradually enter the prelude, with expectations remaining cautious, mainly watching for the impact of Waller's comments!
Based on previous trends, markets tend to rebound before the decision and fall afterward. This time, the anticipation has been 10 days in advance. Once the decision is announced, the market will return to a large right-side downtrend. Everyone should pay attention to grasp this rhythm!
Today, the short-term volatility is excessive, and another high around 675-682 is expected, with a buy first, then sell approach.
For Bitcoin, look to buy on a dip around 660, targeting 675-682! Once reached, switch to a short position!
For Ethereum, enter simultaneously, buy first around 1820-1850, then switch to a short once the target is hit!
That's all for now. Wishing everyone smooth trading and success! $BTC $ETH $SOL #我的Gate交易时刻 #SpaceX跻身全球资产排名第八 #美伊协议达成海峡将开放