Market Observation: From the on-chain fund accumulation data, there are currently no signs of large-scale outflows. After breaking below the lower edge of the market maker's dense area at 9 PM last night, it was quickly pumped back up. In the following few hours, it did not break down again, which likely indicates that the market maker is stabilizing the market at this position and does not want to continue weakening.

Currently, the overall trend is in a sideways consolidation state, and the pattern characteristics are quite similar to a bullish continuation. So the current situation is still relatively unclear, and I have basically not opened any positions.

Many people see this wave of trends and judge that market makers are fleeing, but based on the actual capital flow data and Market Stabilization behavior, the situation may not be so pessimistic. The key now is to wait for a clear breakout signal.