$NOT These past few days, the financial world has been like riding a roller coaster. In the early hours of December 5, the high-level China-US economic and trade video conference lasted more than three hours. This time, the US side was clearly more conciliatory, with both sides agreeing to extend the list of cooperation and shorten the list of issues. The Chinese ambassador to the US also proposed three substantive cooperation plans, and finally, the nerves of the global supply chain have relaxed somewhat.

But things got even more dramatic afterward—the US core PCE index for September rose 2.8% year-over-year, lower than expected, and the monthly increase was the smallest in the past three months. CME data immediately surged: the probability of the Fed cutting rates by 25 basis points in December reached 89.2%. Morgan Stanley and Bank of America also began to turn optimistic, and even some White House officials bluntly stated, "A cut is definitely coming next week." The signals for liquidity injection are getting clearer.

But there are still variables. On December 9-10, the Fed will meet on interest rates; it's unclear what Powell will say. On the other hand, the Bank of Japan may make a big move—the probability of a rate hike is as high as 80%, and the policy rate could reach 0.75%. This is a rare move in the past 30 years—will global capital flows experience major disruption?

The crypto market has already started heating up. Inflows into Bitcoin ETFs have reached the highest level of the month, and some high-volatility altcoins have seen trading volumes surge by up to 30%. The current macro environment is "easing expectations + easing geopolitical tensions" at the same time, and institutional funds have already entered their positions early. The next three days will basically determine the year-end trend—if you miss this wave, you'll have to wait another year.

Honestly, the wave of rate cuts combined with the thawing of economic and trade relations is a strong tailwind for the crypto market. Hesitation is when opportunities are missed—only the decisive can get the best piece.

Do you think BTC can ride this momentum to break a new high? Or will some altcoins double first?