Next week there is a very important event: Japan will raise interest rates. I have previously explained the logic behind the yen in my videos. Global sovereign institutions and leading asset management firms are borrowing yen to arbitrage. It used to be about subsidizing interest, but now it’s about raising rates to recover liquidity! Therefore, the recent rebound in Bitcoin is a trap for more downside, and there is likely to be another drop! The yen’s position in global liquidity is higher than most people imagine! All movements follow the path of least resistance. This wave is highly likely to retouch around 8.6, or even between 8.1-8.3. Do not rush into new positions, and do not blindly trust technical indicators. Wait for the trend to become clear.