#MERL 1. Core Insight: The main force is in the "distribution phase after the rise."
The current market shows a strong signal of "fatigue after the frenzy of new highs." After a significant rally in the previous period, the main players are currently trying to maintain market sentiment at high levels to achieve distribution of their holdings.
Key Evidence Chain:
Indicators Data/Patterns Meaning Interpretation
Price and Moving Averages: Price ( 0.343 ) is significantly higher than MA100 1928374656574839201 0.287 (, and MA20/600 1928374656574839201 approximately 0.196 ). The short-term increase