#美联储重启降息步伐 The global liquidity game is entering a critical moment! With diverging policies from two major central banks, the crypto market is facing intense volatility.

**Policy Timing Window Worth Watching**

The results of the Federal Reserve's December 9-10 policy meeting are about to be announced. If a rate cut really happens, historical experience shows that digital assets often see a significant rebound in the short term. Looking back at previous cycles, market sentiment tends to heat up rapidly in the first few days of policy easing. Meme sectors like DOGE usually react even faster.

On the other hand, the Bank of Japan's December 18-19 meeting is equally crucial. If monetary policy is tightened, a stronger yen could shift global capital flows. This kind of liquidity tightening is bad news for risk assets.

**How to View the Key Trading Calendar?**

During the week of December 9 to 15, if the Fed does ease policy, Bitcoin could test the psychological $100,000 level. Altcoins are likely to follow suit, with short-term capital flowing into assets sensitive to policy changes.

After December 16, caution is needed. As the Bank of Japan meeting approaches, the market will move into a wait-and-see mode. If a rate hike signal is clear, it’s wise to take profits ahead of time. Don’t wait until the news is out to react—by then, liquidity may already be tightening.

**Risk Points Not to Ignore**

If the Bank of Japan really acts, the impact could be bigger than expected. In 2023, that surprise rate hike led to a nearly 20% single-day drop in Bitcoin. When global liquidity tightens, high-volatility assets are the first to get hit. Altcoins fare even worse; being slashed in half is a common occurrence.

There’s another easily overlooked issue—frequent large fund inflows and outflows can easily trigger platform risk controls. Cases of accounts being flagged or funds frozen are not uncommon. No matter how much profit you make, if you can’t withdraw it, it’s just paper gains.

**What to Do in Practice?**

For short-term strategies: In the three days after a rate cut, mainstream coins like Bitcoin and Ethereum may present short-term opportunities. Set take-profit levels and don’t get greedy. It’s always wise to take profits when you can.

Use risk-hedging tools as needed. Options and futures can protect your principal when the Bank of Japan shifts policy—don’t go naked long.

Compliance really can’t be ignored. Make proper declarations before large trades and understand platform rules. The money only counts when it’s in your hands—don’t let technicalities ruin your trading results.

The liquidity tug-of-war has already begun, and the next two weeks will be critical. Stay clear-headed and don’t let short-term volatility cloud your judgment.