The recent rally in the market has got many people feeling a bit restless. Is there someone around you shouting "The bull market is here, jump on the bandwagon"? Listen to me, this wave of行情 looks good, but in fact, it's even more fierce than those obvious scams.

Over the years, I've seen too many traders get trapped because they believed in the so-called "market reversal." Today, I will thoroughly break down this套路.

**How do the main players usually operate? Three stages.**

First is逆势拉升—suddenly pushing up when no one expects it, creating a false impression that "the行情 is reversing," to attract retail investors. Then comes high-level震荡—price fluctuates repeatedly at high levels, making people think it's just a shakeout, and bigger gains are coming, so many find reasons to enter the market. Finally, there's砸盘—when the chips are almost fully distributed, suddenly a sharp move comes, catching latecomers off guard.

**What is the current state of BTC and ETH?**

After逆势拉升, they have been震荡 at high levels, and many people can't resist entering the market. But if you look at the资金流向, it's clear—big funds are持续流出, retail investors' money is持续流入. Everyone has seen this scene—it's basically a现实版 of "retail investors buy in, big players retreat."

Moreover, looking back at historical data, in the context of interest rate hikes,逆势拉升 is usually followed by a significant回调, with no exceptions.

**My advice to everyone is simple.**

The most important thing in the crypto market is independent thinking—don't be brainwashed by market sentiment or各种套路. Now is not the best time to enter; protecting your principal is more important than anything. Take a closer look at the deeper logic of the market, and listen less to those shouting slogans.