BTCUSDT Perpetual Contract

Short

Consolidation before the BOJ Policy Rate Decision

By reports20netrust

16 hours ago

16 hours ago

We probably won't see much price action today even though rates were cut to 5% yesterday. Many market participants are bullish, but this feeling can quickly disappear if the Bank of Japan (BOJ) decides to raise rates again, creating a situation like the one on August 5th. We got some clusters of liquidation around ~63k but we have alot more at <58k to liquidate.

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