The recent market performance has indeed disrupted many traders' plans. How many friends last night placed low-priced buy orders, hoping that Japan's central bank's rare thirty-year rate hike would create a golden opportunity?

And what was the result? The rate hike was implemented, pushing interest rates to a thirty-year high, but Bitcoin's reaction was strangely subdued. No crash occurred; instead, it even rebounded a bit. You might also be confused—how did those predictions of "liquidity retreat" turn out to be so off?

Don't be fooled by this seemingly calm trend. The apparent sideways movement is actually a silent battle beneath the surface between two massive forces. On one side, Japan's "pumping machine" is operating, pulling cheap yen out of the market; on the other side, the US "money printer" is roaring, with massive funds continuously flowing into Bitcoin spot ETFs.

This is a trillion-dollar-level showdown. Both forces aim to dominate the battlefield of Bitcoin, and all the candlestick fluctuations we see are just surface ripples in this grand financial chess game.

To put it simply, the market landscape of Bitcoin has been rewritten. The era of retail investors driving the market with their emotions is over; now, the game is controlled by global macro liquidity. Altcoins have become mere accompaniments; institutional whales are the true players. What does this mean for us ordinary investors? It means that using short-term candlestick analysis to predict the market is as effective as judging the wind direction by the movement of leaves in a typhoon—purely a matter of skill.