Next, the market will enter a highly sensitive "time window".
On one hand, institutions are officially entering the year-end and year-beginning accounting window. Whether locking in profits, adjusting positions, or reallocating risk assets for the new year, funds will become more proactive, trading volume will often significantly increase, and the market will no longer be "marking time" but will start to "give direction".
On the other hand, Trump will announce the new Federal Reserve chairman candidate in the next few days. This is not an ordinary personnel change, but a core variable that directly affects the future monetary policy orientation. Whether it is dovish, hawkish, or more politically colored will quickly be priced by the market, forming new policy expectation anchors.
When the time nodes are highly concentrated, institutional behavior, policy expectations, and existing fundamentals overlap, the market often switches from a state of volatility to a directional trend. The most typical feature of this stage is not "slow walking," but suddenly increasing volume and quickly choosing a direction.
In simple terms, this is not a calm phase, but a period of pressure change before the storm.
What to watch next is not sentiment, but whether trading volume and policy signals resonate.
Once resonance occurs, the market will not give too much hesitation time. $BTC
