According to Michaël van de Poppe, BTC price action is stronger than expected while many traders remain sidelined ahead of the Bank of Japan decision (source: Michaël van de Poppe). According to Michaël van de Poppe, prior BOJ moves triggered outsized market reactions, but he expects a contrarian outcome this time rather than a repeat spike (source: Michaël van de Poppe). According to Michaël van de Poppe, a clean breakout above 88K would confirm bullish continuation for BTC and reignite upside momentum (source: Michaël van de Poppe). According to Michaël van de Poppe, the key trading level to watch is 88K as near-term resistance for a breakout trigger (source: Michaël van de Poppe).

According to @CryptoMichNL, BTC failed to produce a clear breakout and swept prior levels, so the trading plan remains that bulls need a decisive move above 88,000 to regain momentum (source: @CryptoMichNL). He states that if 88,000 does not break, liquidity magnets sit near 83,000 and 80,000, making these the key downside zones to monitor for potential fills and reversals (source: @CryptoMichNL). He also assesses the bottom is relatively near and warns of elevated intraday volatility because it is the annual VIX expiration day, which can impact crypto order flow and slippage (source: @CryptoMichNL).

According to @CryptoMichNL, BTC saw a clear rejection, keeping the lower-timeframe downtrend intact. Source: @CryptoMichNL. He states that only a clear breakout above 88,000 would signal renewed upward momentum. Source: @CryptoMichNL. If that breakout does not occur, he expects liquidity tests around 83,000 and 80,000, with this week’s macro events potentially acting as catalysts. Source: @CryptoMichNL.