This market is really interesting. On December 11th, expectations of a Fed rate cut drove Bitcoin's rally, but once the rate cut actually happened, it fell for 7 consecutive days. Now, the Bank of Japan is set to hold a monetary policy meeting on December 19th to announce a rate hike. Interestingly, the signal for the rate hike was released before the official announcement, and the market has already started to sell off in advance.

Looking at historical data, every time the Bank of Japan raises interest rates, the crypto market tends to experience significant declines afterward. This pattern has occurred more than once, and it feels like everyone is playing out the same script. But here’s the question — since everyone is aware of this pattern, could it actually reverse?

My observation is this: if Bitcoin breaks below the support level of 80,600, it might actually present an opportunity. The saying "no pain, no gain" still holds some truth in trading; bottoms often form during extreme pessimism. The key is whether trading volume and market sentiment can truly reach a bottom.