Bitcoin's recent price movements have been a repeated cycle of rallies and pullbacks. The key point is the Bank of Japan's interest rate decision, which will be finalized around 11 o'clock today.

Many experienced traders' analyses generally agree that if the central bank announces no rate hike at 11 o'clock, the market is likely to see a significant upward surge. Following that, opportunities for spike moves or other adjustments on Monday will also follow.

So the critical observation point now is—around 11 o'clock—if Bitcoin can rebound, it will be important to see whether it can break through the low point formed during these two days. This price zone will become a very important reference level. Whether it can effectively hold this position will basically determine the short-term directional expectations.