The market in December, to be honest, was a bit too exciting.

First, let’s look at the timeline: On the 16th, the non-farm payroll data will be released, which will directly determine how the interest rate cut expectations will move; a few days earlier, on the 12th, anything Powell casually says at the Federal Reserve meeting can send the market into a frenzy; and then on the 20th—the largest options expiration day in history, also known as the legendary triple witching day. Just think about it, these three bombs are all packed into half a month.

What will the main players do? They will definitely use the trick of "up and down pinning". Both bulls and bears will get buried; the bullish will explode, and the bearish will also explode. Whoever holds on to one side will be unlucky. So those who are still stubbornly sticking to their direction should really wake up; preserving capital is more important than anything else.

What should we do? For spot traders, stay calm and don't panic; if it really drops, it’s actually an opportunity to pick up goods in batches. Those playing contracts must keep their positions light; otherwise, a single pullback could close you out. Focus on the 11th and 20th; if traditional finance sneezes, we'll catch a cold here. At that time, whether to observe or go all in, you have to weigh it yourself.