#以太坊行情技术解读 The Bank of Japan's rate hike this week boosted volatility—can $BTC break through the 85,000-95,000 range in the short term?

Recently, the crypto market has been a bit cold, with Bitcoin oscillating repeatedly between $95,000 and $85,000, showing no clear signs of a breakout.

Data shows that hash rate has decreased by about 7 percentage points, equivalent to hundreds of thousands of mining machines going offline. This signal is quite sobering—it indicates that market sentiment is indeed somewhat weak.

The two most significant factors putting downward pressure on prices right now are: first, the upcoming release of US non-farm payrolls and inflation data this week, with market concerns about whether the numbers will surprise to the downside; second, the Bank of Japan may announce a rate hike on the 19th. Retail investors are waiting to see if the Federal Reserve, after three consecutive rate cuts, will change its stance due to the data. Some institutions are betting that the Fed might cut rates twice next year to support the economy, which is more aggressive than previous official statements.

The general consensus in the industry is that if November's non-farm payroll increase is below 50,000, multiple markets could be exposed. Personally, I believe that for market sentiment to truly turn positive, we might have to wait for a change in the Federal Reserve's leadership.

In this volatile environment, the most prudent approach for retail investors is to reduce leverage or try arbitrage strategies like grid trading, which can still generate some gains amid narrow fluctuations.