The interest rate hike in Japan is about to happen, and the market data signals are already very clear. Coupled with the Fed's interest rate cut being almost a certainty, this wave of interest rate spread narrowing and capital withdrawal is inevitable.

Yesterday's sharp drop of nearly 10,000 points in Bitcoin was quite smooth to be honest—from the selling rhythm, trading volume coordination, K-line structure to key positions, overall, the 83600 level should hold in the short term. At this pace, we might see a rebound action as soon as tomorrow or the day after, but before that, it is highly likely that we will test around 85000 again.

Looking up, 93000 is a hard barrier. If it really breaks through, we need to focus on the range of 96000 to 97000. Further up? Unless there is some unexpected major positive news, otherwise, there is currently no visible space.

As long as there are no more severe negative factors - such as a sudden deterioration in US-Venezuela relations, or some unexpected event in East Asia (which has a low short-term probability) - then the line at 80600 should temporarily hold. After all, the biggest pressure on the market right now is the interest rate hike in Japan.

In the end, it still depends on whether the market data tonight will be strong enough to provide a ten-thousand-point rebound. Let's wait and see.