Recently, BTC broke through 100,000 due to the positive CPI, and the market sentiment instantly changed. In the past few days, retail investors who were expecting a drop to zero were hyping up 150,000 and 200,000. Although there is an expectation of a pump due to Trump's official inauguration on January 20th, this sentiment-driven market may be dumped once the market maker completes its distribution. However, long-term and short-term positions need to be cautious about the potential major risk, which is whether the interest rate hike will be announced at the Japanese interest rate meeting next week.

Currently, the Bank of Japan's 'hawkish heart is not dead', the expectation of interest rate hike has increased, and the choice has been handed over to Trump.
It is reported that officials from the Bank of Japan believe that if Trump's presidency does not trigger too many negative surprises, there is a high probability that Japan will raise interest rates next week (1.24). Simply put, the more stable policies brought by Trump, the higher the probability of Japan raising interest rates. From 1.20 to 1.24, there may be a rapid rise and fall, and there may be a spike around the Fed interest rate meeting on 1.29.
On the day of Japan's interest rate hike on August 5th, BTC plunged from 62,700 to 48,888, burying countless long positions. Longs have to be cautious. If they continue to wait and see, they will wait for the opportunity to rise after the Fed meeting at the end of the month. The resistance near 100,850 and 102,700 above 100,000 is relatively high in the short term, and chasing after high prices is not recommended. It is recommended to enter the market lightly at the support level of 99,200-98,666, and a stop loss is required. Don't buy it if it falls below 98,200. Other currencies are synchronized.