#美联储回购协议计划 The recent price movements are indeed a bit strange—sharp declines, but after scouring the news, there's no obvious negative news; it's purely a dumping behavior. Why does this wave of market action always seem so bizarre and unconventional?

The key still comes down to those old familiar words: the bottom formation stage.

During this critical period, prices often experience frequent spikes and drops, which is not accidental. The big players' tactics are simple—first, they use upward pushes to activate market enthusiasm, retail investors follow and chase highs, then they create panic selling through large-scale dumps to harvest chips. For these big players, operating in the bottom area is just routine; spending a few funds here and there is no problem, so one, two, three, four times—it's all the same. Once retail investors are brainwashed by this rhythm, and it becomes natural, a real continuous upward trend can suddenly emerge.

Speaking of which, this rapid dump was indeed ridiculously fast, almost leaving no time for reactions, with quite ruthless tactics. According to conventional judgment, it should have broken the downward gap. But there's a detail—if afterward there's a reverse rally, such as a rebound after oscillation, then everything makes sense.

To completely rule out the possibility of a shakeout, there's basically only one way: the price must directly break below 87400. As long as it doesn't fall below this line, big players might still continue to play tricks.

After the sharp decline, the resistance level above is concentrated around 88900. If in the next few hours it breaks through this level again, then play it safe—wait until the trend becomes clearer before considering long or short positions.

This price range is not only the frontline of the battle between institutional funds and retail investors but also a critical moment where big players' strategies are played out in turn. The market is gradually clarifying its direction amid this tug-of-war.