🇯🇵 All eyes are on the Bank of Japan this week!🚨
The base case is that the #BOJ leaves interest rates unchanged, which is already largely priced in by the market and in my opinion a bad decision.
But the real catalyst won't be the decision itself - it will be the tone.
If they signal that more tightening is coming, the Japanese yen could strengthen, increasing the risk of a broader unwind in the yen carry trade.
Why does this matter for #Bitcoin?
If that trade starts to unwind, liquidity could leave equities first—and crypto is likely to follow.
On the other hand, if the BOJ remains dovish and pushes back against near-term rate hikes, the carry trade could continue, providing another tailwind for Bitcoin and other risk assets.
This week's BOJ meeting could become one of the most important macro events for in the short term.
#Bitcoin successfully defended a key support!🚨
As long as this Fibonacci level and the 50-SMA support remain intact, the broader bullish structure is still valid.
The next hurdle is around the $67,000 resistance zone.
A clean breakout above it could open the door for another leg higher, while losing the current support would likely shift momentum back in favor of the bears.
bitcoin:native
Patience is the single most difficult skill to master for investing well. Too, the most impactful.
Position sizing trails patience. The more patience, the largera a position can be.
One must not mistake patience for foolhardiness.
A hardy fool is just a hardy fool.