My judgment is well-founded. Let's start with a few obvious signs.

The registration time is worth noting—it closely coincides with the yield curve of a well-known project, which is no coincidence. Looking at the community's public opinion trend, it has recently been clearly guiding bullish sentiment. When combined with the position distribution data, the pattern becomes very clear.

On the technical side, the current candlestick pattern has obvious hidden risks. Although I haven't entered a short position for now, I don't rule out the possibility of a sharp decline happening later—especially at the 0.6 price level, which is very likely to trigger a liquidation.

Of course, these are just surface phenomena. There are many deeper issues. The situation may be much more complicated than it appears on the surface. Investors should remain cautious and not be fooled by appearances.