Japan raises interest rates tonight! The cryptocurrency market is turbulent, retail investors should quickly look at strategies!
Brothers, a major announcement has arrived! The Bank of Japan officially announced today that it has raised interest rates from 0.50% to 0.75%, setting a new 30-year high! This means Japan has completely bid farewell to the era of zero interest rates, and the global capital landscape may undergo a significant change.
What impact does this have on the crypto circle? Japan is the largest overseas buyer of U.S. Treasury bonds, and with the rate hike, funds may flow back from the U.S. to Japan, pushing up U.S. Treasury yields. The Federal Reserve's rate cuts may be delayed, and risk assets like the stock market and cryptocurrency market may be under pressure. Don't be fooled by the market seeming to have digested this news in the past few days; however, once the rate hike is confirmed, short-term volatility is inevitable, so beware of sudden market spikes!
What should retail investors do? Don't panic! My personal view: First, control your hands, don't rush to chase or sell; second, closely monitor the key support levels of BTC and ETH; if they break, be cautious; third, don't be fully invested, keep some cash to respond to sudden changes. The market is sensitive now, and a slight bottom shake may be the opportunity.
I am Xinying, bringing you insights into the cryptocurrency circle every day. Give a follow, and together we will seize opportunities amidst market changes! #加密ETF十月决战 continues to build today! Fans wanting to keep up with Xinying's rhythm should follow Xinying 【Chat Room】 $BTC
