Daily candlestick chart comparison shows that it ultimately failed to break through directly and pulled back to around 88,000.

It is currently consolidating around 90,000, which matches the previous analysis!

Next week’s 25 basis point US rate cut is almost certain, and there's also a high probability of a yen rate hike the following week. With one cut and one hike, carry trade yields will decline significantly.

This will force investors to sell US stocks and convert back to yen to repay debts, with tech and growth stocks favored by carry trade funds bearing the brunt.

US rate hikes remain the biggest uncertainty at the moment. Once they settle and a short-term low appears, the opportunity will arise. This month, it is very likely to continue consolidating within the bottom range #BTC #ETH