Ueda hasn’t spoken yet, and $BTC has already slipped to 85234, down 0.66% over 24h. The yen’s reaction is what matters—if he sounds hawkish, carry-trade unwinding could put pressure on both $BTC and $XAU . Both are already on the weak side today, and $XAU 4133 isn’t far from the key 4100 level.
My approach: don’t guess the direction before the speech. Wait for the yen to make its first move, then act. Watch 85000 for $BTC ; if it breaks, 84200 is next. For $XAU , watch 4100; only if it holds is there a chance of a rebound to 4150. Going all in before the speech is just paying tuition to the market.
#Bitcoin
My approach: don’t guess the direction before the speech. Wait for the yen to make its first move, then act. Watch 85000 for $BTC ; if it breaks, 84200 is next. For $XAU , watch 4100; only if it holds is there a chance of a rebound to 4150. Going all in before the speech is just paying tuition to the market.
#Bitcoin
