The Fed's recent operation of 6.8 billion has sparked various opinions in the market. Some say it is a timely rain to rescue the market, while others say it is a prelude to Be Played for Suckers. But the truth is often not that simple.

On the surface, this looks like a routine liquidity injection. But if you think deeper, you'll find that this is actually a stress test. The Fed is probing - where is the global hot money flowing, and does the financial system lack liquidity? The massive monetary expansion in 2020 directly triggered the bull market in Bitcoin, but the current environment is completely different. The world is in a tightening cycle, and the Fed suddenly opening such a channel precisely indicates that the liquidity in the financial system has tightened to its limits.

This 6.8 billion seems like an antidote, but it actually looks more like a bait.

After liquidity is injected into the market, the prices of various assets are pushed up, and retail investors rush in as they see the market rising. Behind this frenzy lies huge risks. Once the Fed tightens, investors who can't run fast will become the ones who get played for suckers. This cyclical game of pumping and draining has played out countless times in history, with someone getting trapped during the draining phase each time.

So as participants, how should we cope with this situation?

First, we must keep a close eye on the Fed's subsequent actions. If there are consecutive injections, it indicates that the depth of the crisis exceeds expectations, and we can consider building positions in batches. However, if there is a sudden stop, we must be fully alert. Position management is a matter of life and death—at this stage, it is not suitable to be fully invested; at least 50% of cash reserves should be kept. This way, we can buy the dip during a correction, and we won't be caught when the market rises.

When it comes to investment targets, the focus is on leading assets like Bitcoin and Ethereum. Large funds always keep their eyes on these two kings, while small coins are easily abandoned in the liquidity game.

The market always rewards those who stay alert. While others focus on the surface numbers in the news, you should look at the underlying logic; while others chase after trends and panic sell, you need to seize the right moment. Euphoria is often a precursor to traps, and those who are prepared in advance can stand undefeated amidst the waves.

The flow of liquidity determines the direction of wealth, but only those who are prepared with the right tools will not drown in market volatility.