#比特币价格走势 The Bank of Japan's rate hike has been implemented, and the market reaction is in line with expectations. From on-chain data, Bitcoin's price briefly surged over 2% after the policy announcement. The rebound is limited but the direction is clear. More importantly, attention should be paid to changes in market sentiment—top traders who had been silent in recent months have collectively spoken out, which usually indicates that large on-chain holders are quietly positioning themselves.

Key observation points: First, the distribution of resistance levels, with the $98,600-$107,000 range seen by most analysts as short-term pressure, and $112,500 as a strong resistance. Second, whale movements—such sentiment shifts are often accompanied by early movements in capital, requiring continuous monitoring of large transfers and exchange fund inflows and outflows. Third, policy expectation differences—negative real interest rate environments are generally favorable for risk assets in the long term, but short-term volatility still warrants caution.

Currently, it is not advisable to blindly chase the rally. It is recommended to list observation points, wait for a pullback confirmation, and then consider building positions. Recent focus should be on whether Bitcoin can hold above $98,000 and whether whales continue to net buy.