US Treasury Secretary Besson urges Japan to raise interest rates to curb the depreciation of the yen, as traditional monetary policy is susceptible to government and external factors. The Bitcoin monetary policy is pre-set by code, and new coin issuances follow a fixed rhythm and are halved approximately every four years, providing higher predictability. Bitcoin is difficult to shake off the impact of traditional financial markets in the short term. If Japan raises interest rates and drives the rapid appreciation of the yen, closing low interest yen financing transactions will trigger the sale of stocks, bonds, and cryptocurrency assets. In August 2024, the Bank of Japan's interest rate hike pushed the yen stronger, putting pressure on risky assets including Bitcoin. Technically speaking, BTC's 50 day moving average continues to rise and is close to surpassing the 200 day moving average. The moving average has lag, and the historical prediction effect of the gold cross as an independent indicator is not stable.
