At 3 a.m., the Federal Reserve meeting minutes will be released. Why can this news shake the entire crypto market? The key lies in the fact that the minutes will reveal the true attitude of Fed officials towards future policy directions.

If the minutes signal a "hawkish" stance, it indicates that the Federal Reserve is cautious about cutting interest rates. This will attract capital flows into dollar assets, and liquidity in the crypto market will inevitably tighten, putting short-term pressure on prices. Conversely, if the minutes reveal a "dovish" tendency, implying a more moderate policy, it is undoubtedly positive news for the digital asset market, and the funding environment will be relatively relaxed.

Before this market test, investors need to stay rational:

**Step 1: Risk Management.** Major economic data releases often cause sharp fluctuations in an instant. It is recommended to reduce high-leverage positions and adopt stable holdings to navigate this uncertain period.

**Step 2: Information Capture.** Focus on how much disagreement there is in the minutes regarding the "interest rate cut timetable." If there are significant differences within the Fed about the timing of rate cuts, the market may experience repeated oscillations. In this case, it’s best not to rush into bets; waiting for a clear direction is the best strategy.

From market expectations, many participants have already digested the anticipation that "interest rate cuts will not happen quickly in the short term." Unless the minutes show an extremely hawkish stance, the probability of a sharp decline is relatively limited. On the other hand, if the minutes reveal concerns about economic growth, it could trigger a rebound sentiment.

**Specific Action Recommendations:**

Conservative traders might consider reducing some high-risk positions tonight and holding stablecoins to observe how the situation develops. Once clear signals emerge, they can make decisions.

Risk-tolerant participants can deploy small positions at low levels. If the market plunges due to the minutes, this could turn into a golden opportunity for low-cost entry—provided that position sizes are strictly controlled.

The bottom line is simple: market volatility at 3 a.m. is fleeting, but discipline in position management must be maintained throughout the year.