Recently, many voices have been saying "Japan's rate hike is coming and will cause a big drop, then it's time to buy the dip," but if you've looked at several rounds of historical trends, you'll understand that such simple and crude expectations often lead to the highest risk of pitfalls.

Major events like Japan's rate hike generally cause market reactions in two stages. The first stage may see some emotional loosening, but it’s not just about a "super spike and immediate rebound" on the same day. Such one-day trading patterns are actually quite rare in history. More commonly, the price continues to face pressure over the next few days, with funds gradually withdrawing, showing a slow weakening trend—that's the typical "time for space" strategy.

What you really need to watch out for is the continuous pressure next week. If you rush to intervene today, you are very likely to buy in at the middle of the climb. Even more painful is that the market may then enter a "slow decline channel," repeatedly testing lower points, before finally entering a 2-4 week recovery rebound period.

The common pattern in such situations is: a quick sharp decline followed by a rapid recovery attempt, scaring people into thinking "the bad news is all out"; then the price doesn’t immediately skyrocket but slowly tests downward along the bottom of the spike; after sufficient digestion of chips and sentiment, the recovery officially begins.

Therefore, the current operational approach should be defensive rather than bottom hunting. Specifically, for today’s market, just follow yesterday’s rhythm: if it rebounds during the day, short at the high point; if it falls at night, take profits along the way.

Remember this: Japan’s rate hike is not a "one spike" market, but a process of using time to gain space. Instead of rushing in to buy the dip, it’s better to patiently wait for the rhythm.