#数字货币市场洞察 Global central banks have recently started taking reverse actions. While the Fed’s rate cut expectations are heating up, the Bank of Japan is going the opposite direction and tightening. The crypto market is a bit lost on the direction right now, but given Japan’s market size, it won’t make big waves.

The real key moment is next week—the policy meeting on December 9-10. The market has almost reached a consensus: a 25 basis point cut, bringing the federal funds rate down to 3.75%-4%. CME data goes even further, with the probability of a rate cut surging to 87%.

But the biggest uncertainty is still what Powell will say. The chairman’s speaking style is always unpredictable—one moment he’s tough, the next he might soften his stance.