The news that the Bank of Japan will raise interest rates by 0.25% has long been a market consensus, but the real focus should be elsewhere—the tone of the central bank governor's speech, which will determine the future policy direction.

The core anxiety in the market is not about this rate hike, but about the pace of interest rate increases next year. How many more hikes will there be? This suspense is the real weight on the market's mind.

Currently, liquidity in the crypto space is indeed tight, and signs of manual manipulation are becoming more obvious. Large traders create volatility through news, buy and sell large orders to clear leverage, with a simple goal—accumulating positions at low levels. This routine keeps repeating.

Retail investors are most easily led by news, often resulting in counterproductive actions. Instead of chasing the trend and the waves, it’s better to prepare ammunition and wait quietly for low-entry opportunities.

The current market can be said to be in a high-volatility phase, with fluctuations becoming routine. But this also contains opportunities— the more retail investors are shaken out, the greater the potential for subsequent rebounds. This is the market’s iron law.

ETH recently surged near 3000, and the rebound was well-timed. Many retail investors were confused and entered the market, only to become the bagholders. The interests of market participants are always opposed.

After the US stock market opens tonight, sentiment may stir again. New opportunity windows could open at any time, so be prepared.

If you still hold a core position, there's no need to rush; continue holding. If you missed this wave, don’t be discouraged—there’s another entry point tonight. The key is patience—wait for the right moment before taking action.