Tonight is destined to be a sleepless night. At 3 a.m. on December 11, Beijing time, the Federal Reserve is about to announce a new interest rate decision, which is not only related to the stock market and bond market, but also has to tremble three times in our wallets in the currency circle.

To put it bluntly, interest rates are the price tag of money - the central bank sets the price for money, and the market has to follow.

If the Fed chooses to raise interest rates, or releases a bit of hawkish tightening, traditional assets will immediately become fragrant. Those funds that were originally in the crypto market may turn around to buy treasury bonds and deposit fixed terms. After all, the matter of high risk and high return depends on whether the general environment gives face. Once liquidity tightens, the currency circle will most likely be under pressure.

But what if interest rates remain unchanged, or is the Fed more dovish? That is, inject a dose of stimulant into the market, and the imagination space opens up in an instant, and it is self-evident where the hot money should flow.

In the face of this big market, what should ordinary players do? Three words: don't be impulsive.

When the data first came out, the market was the easiest to fry, and the K-line jumped up and down like a roller coaster. At this time, don't stop it, don't rush to buy the bottom or smash the market. Wait an hour and a half to an hour to let the market digest the emotions, and it is not too late to do it when the trend is clear.

Then there is position management - if you open the leverage too high, quickly reduce it now. Only when the green mountains are left can there be a chance to burn firewood. The last point is mentality, don't be carried away by FOMO in the community, and don't scare yourself by staring at the K-line.

Judging from the current environment, the possibility of the Fed holding back is actually quite high, which is a neutral and warm signal for the market. And let's be honest, no matter how much it fluctuates in the short term, the long-term story of cryptocurrencies continues - falling is an opportunity to pick up chips, and rising is a time to harvest.

You might as well make a cup of tea tonight and watch the show calmly. The bigger the wind and waves, the more clear the brain must be.