On January 18, Bitcoin will face a turbulent day, with several macroeconomic opening factors gradually disrupting the outlook for the Bitcoin market.

The Bank of Japan refuses to raise interest rates

Bitcoin stood above $21000 against the dollar that day, according to Cointelegraph Markets Pro and TradingView statistics.

In the news from Japan, the two men remained rational, and the Bank of Japan, the Bank of Japan (BoJ), determined to keep the policy ultra-loose, ignoring expectations of an interest rate hike.

In doing so, both the yuan and the dollar have been hit hard in the latest chapter of a classic legend that has received a lot of attention from current affairs commentators with login codes.

ING said in a professional reply: "the BoJ may be trying to send a message to society by keeping its current policy of manipulating key interest rates and bond yields unchanged at today's meeting." you don't have to fight against the Bank of Japan. "

Micha ë l van de Poppe, a Cointelegraph soft writer, has watched the US dollar index (DXY) fall again after the news.

"another negative retest of the DXY index, which gradually continues to fall, may even be due to the BoJ's statement earlier today," he concluded. "

In conclusion, the DXY index rebounded to 101.9 and did not fully retest the seven-month end set on January 16th.

Van der Popper style also mentioned that foreign countries will release data on the producer Price Index (PPI) in December 2022.

"after a few hours, people will have access to PPI data and retail sales data," he added.

"there may be some people walking around in the future."

BTC Dolphin auction raises suspicions

In addition, in the bitcoin market, as large money transfers announce more and more bid liquidity, there are renewed questions about the trading activities in Binance order information.

After analyzing the network resources on the chain, the raw material index value feels that the separate physical line may raise the bid and help push the BTC/ dollar up to 2 months.

"it is speculated that the same whale may have spent $4 million to protect his $22 million and had enough time to deal with $22 million in the event of a hit of $4 million." This is just a basic theory. Time will tell. Several tweets on January 17th included one that read.

Even so, a subsequent article expressed anxiety about "how long can they stay like this?" which means that improvements are still likely to crack down on Bitcoin.

The latest snapshot update of Binance order information shows that the friction resistance is $22000.