Japan's interest rate hike has landed, and the results and official statements are within expectations, so the direction of the market for the rest of this month will basically be dominated by the annual options expiration.
The annual options expiration is on the 26th— the 25th is just Christmas, today is the 19th (Friday), and after the weekend, the 22nd, 23rd, and 24th will gradually enter the preparation period before expiration. The timing is quite tight.
In the last two days, due to the impact of Japan's interest rate hike, $BTC has seen particularly frequent up and down spikes, almost to the point of absurdity. I usually engage in swing trading, but this rhythm has made it hard to even catch a couple of bites in either direction; it is expected that this extreme volatility should ease down.
There's another thing to mention— as previously mentioned, December is a rare golden swing period, which means that large-scale market movements such as breaking through the top or falling below the bottom are not very likely to occur. But the problem is, many people simply do not like to do swing trading. Why? Because swing trading is contrary to human nature— when prices fall, everyone becomes increasingly bearish, and when prices rise, everyone is shouting for more gains. Emotions and market trends are always in opposition.
