Consolidation before the BOJ Policy Rate Decision

19 de set.

We probably won't see much price action today even though rates were cut to 5% yesterday. Many market participants are bullish, but this feeling can quickly disappear if the Bank of Japan (BOJ) decides to raise rates again, creating a situation like the one on August 5th. We got some clusters of liquidation around ~63k but we have alot more at <58k to liquidate.