The direction of #美联储恢复降息进程 is indeed still in long positions, this is beyond doubt.

However, upon closer inspection of the market, the upward momentum has clearly weakened.

The current operating method of the main force is very typical: controlling the market through fluctuations. It neither rises sharply nor falls rapidly, just oscillating repeatedly in a high price range. Sometimes it creates a small pullback to induce panic, and sometimes it piles up volume to create a false breakout illusion.

What is the core logic of this set of combination punches?

It is necessary to create the illusion in the market that it is "about to start," enticing emotional funds to rush in and take over. Once retail investors have fully gathered their chips and the market heat reaches its peak, the main force will then begin to rhythmically sell off in batches.

To put it simply: on the surface, it appears strong as ever, but in reality, it is carefully laying out the distribution phase.

Stay alert and don't be deceived by the illusion of high-level fluctuations. The real opportunity lies in seeing through the rhythm, not in chasing illusions.

$ETH