#BTC资金流动性 The Bank of Japan's rate hike has finally landed, and the results along with officials' speeches are within market expectations. The remaining market activity in December will mainly revolve around the annual options expiration.

December 26th is the annual options expiration date (postponed from December 25th Christmas). Today is the 19th, a Friday. After the weekend market closure, it will be December 22nd, 23rd, and 24th—during this period, the market is highly likely to focus on expiration-related positioning and liquidity concentration.

In the past two days, news of Japan's rate hike has continuously impacted the market, causing frequent sharp fluctuations, with quite fierce volatility. Even traders who usually do swing trading are caught off guard, with no real opportunity to take both sides. It is expected that such extreme volatility will significantly ease later on.

Back to the characteristics of December's market—this is truly a rare golden window for trading, where there's no need to worry about breaking new highs or falling below key support levels in large-scale moves. But here’s the problem: many people actually dislike swing trading because such market conditions are inherently counterintuitive: during declines, everyone becomes more bearish; during rebounds, everyone turns bullish, and emotions often run counter to price movements. This is a trap.