The recent market trend has been quite dramatic. With such strong expectations for interest rate hikes, the general market should logically continue to bear down, but instead, it has managed to pump up a rebound and is still hovering at high levels, looking lively and vigorous. This reverse operation is indeed interesting.

Upon closer inspection, the main force is pumping against the trend in a rising interest rate environment, with the purpose of "taking the opportunity to sell off". After such a long continuous decline, retail investors have long been scared out and are hiding in the corner trembling. The main force needs to offload the chips in hand, and the most effective way to do this is to create a wave of "Rebound" momentum, making everyone feel that "if you don't get on board now, there will be no opportunity left."

The data makes it even clearer. During this round of BTC pump, large transfers have significantly increased, with the flow mainly directed from major wallets to retail wallets - this is a typical trace of distribution. Looking at ETH's performance, although it has risen with the trend, the trading volume has not improved at all. To put it bluntly, the market is not buying this price increase at all; it is just passively following. The most ironic thing is that the profit-making effect is so poor now that apart from a few leading coins, the rest are all in a "can’t rise, can’t fall" rhythm, which is far from what a bull market should look like.

So I advise everyone not to be fooled by the "acting" of the main forces. Now, if you rashly enter the market, the probability is high that you will be the one taking the last baton. I will continue to monitor the flow of chips from the main forces, and once the selling signal is confirmed, I will share the analysis at the first opportunity. If you're interested in this straightforward disassembly of tactics, feel free to follow the subsequent updates.