$ETH As long as the channel for yen appreciation has not ended, the carry trade funds will continue to flow back to Japan, and the overall market value of cryptocurrencies is likely to fall rather than rise;

Although U.S. stocks opened low and rose tonight, the combination of 'Japan's interest rate hike + U.S. stocks opening low and rising' does not indicate a trend reversal, but rather a breather in volatility; U.S. stocks and cryptocurrencies still face a double hit of 'liquidation + tightening liquidity' before Christmas, it is recommended to maintain a reduction in leverage, keep cash, and reduce long positions on rebounds.