Recently, the technical trends and internal capital flows in the crypto circle have been relatively stable, but there are several external events coming up that could serve as catalysts for the market, which should not be overlooked.

**US November CPI Data — The Most Critical One**

It will be announced on the evening of December 18th, Beijing time. This data directly influences how the Federal Reserve will act next. In simple terms, it is the most likely short-term catalyst to trigger significant market volatility. Before and after the data release, it is common to see trading volume suddenly spike and stop-losses being swept. The CPI figures largely determine traders’ risk appetite in the following days—whether they will be aggressive or conservative.

**Bank of Japan Interest Rate Decision Approaching**

Scheduled around December 19th. The market widely expects the Bank of Japan to consider raising interest rates, which will impact yen arbitrage trading and, in turn, affect global liquidity. As a risk asset, cryptocurrencies will inevitably be impacted. However, this effect may not be immediate, but in the long run, it cannot be ignored.

**Middle East Situation Still Sensitive**

The Gaza ceasefire remains fragile, and geopolitical risks are always present. However, from the current perspective, this is more of a variable within the macro background and has not yet become a decisive factor in the overall crypto market trend.

**What to Watch for Next in the Market**

The market is currently in a bottoming phase, with short-term bias leaning towards sideways consolidation. The key level to watch is the $95,000 range — a breakout above it would be a bullish signal, while failing to hold could mean continued pressure.

Operational advice is to be especially cautious during this period. Avoid greed during data windows, and be prepared for amplified volatility and risk transmission. Also, keep an eye on the US stock market, especially tech stocks, as they often serve as a market indicator for crypto.

**In a word**: Now is not the time to make money through guesses; it’s about risk management, patience, and execution.