The first interest rate hike in thirty years is set to be finalized tomorrow. The Bank of Japan is essentially poised to raise rates to a 30-year high. Although the increase is only 0.25%, it signals the start of a global trend of cheap money "headquarters" opening the curtain. This is a significant development for the crypto ecosystem.

Looking back, the reason why the crypto market has been in a downward trend over the past month and why market sentiment is approaching "extreme fear" is less about the Fed's pace and more about global funds sensing that the Bank of Japan is about to act. This time, the decisive move is really coming. The key will be what signals Ueda and Kuroda send during the post-meeting press conference.

There are two scenarios to consider. If the Bank of Japan adopts a cautious approach, hinting at gradual policy adjustments, the market might interpret this as "bullish signals exhausted," and the tense market nerves could relax temporarily. Conversely, if they hint at further tightening next year, the situation will need to be reassessed. This would further drain global liquidity, with emerging markets being hit first, and crypto assets—being high-risk investments—would find it difficult to reverse quickly in the short term.

From an operational perspective, now is not the time to go all-in for a bottom pick. Core positions should be maintained steadily, but there's no need to rush into adding more. Prepare your ammunition and wait for clearer signals. The current trading approach should be more conservative, mainly focusing on short positions and avoiding counter-trend operations. Since our positions are already limited, leaving enough room for error is more important than chasing extreme gains. Preserving capital is the first rule to survive this cycle.

After the meeting, there will be subtle but profound shifts in global capital deployment. Once everything settles, aside from leading assets like Bitcoin, which other promising crypto sectors might become new safe havens for funds? We will explore this topic in the next session. The key point now is: stay calm, observe the trends, and be well-prepared.