#美联储回购协议计划 December's final battle is the time to review your trading strategies.

Under the influence of the Federal Reserve's repurchase agreement plan, market liquidity expectations are becoming more volatile. How should participants of different sizes play? My understanding is as follows:

**Large-scale allocators** (5-10w level): At this stage, focus mainly on trend direction. $BTC and $ETH serve as market anchors; it’s essential to lock in the mainstream direction of the core sectors and use stable positions to secure significant profit margins. Supported by macroeconomic fundamentals, the tolerance for medium- to long-term allocations is higher.

**Mid-term traders** (1-3w level): Precision is key. Under changing Federal Reserve policy expectations, market volatility can create opportunities. By strictly controlling risk exposure and positioning at key support levels, balancing stability and efficiency—this is the most challenging and worthwhile activity for medium-sized traders.

**Short-term operators** (1-5k level): Capture turning points in the market and quickly recover. Small-cap coins like $ZBT often react strongly during macro expectation shifts, but the risks also increase accordingly. The core of short-term arbitrage is to identify entry and exit points for rapid profit realization.

In summary, regardless of size, it’s essential to find your rhythm within the macro context.