$BEAT 1. Golden Ratio Core Support/Resistance Levels (calculated based on the latest complete trend range 1.306→3.44)

1. Upward Targets (Resistance Levels, prioritized from high to low, current price 3 adaptive sorting)

- First Strong Resistance: 3.85-3.90 (1.236 extension), short-term core target after breaking 3.44, in line with the main force's step-wise rise rhythm, likely to trigger phase selling pressure.

- Second Target: 4.25-4.30 (1.382 extension), corresponding to historical rise amplitude, needs continuous volume to stabilize, serves as a layout for the main force's mid-term selling.

- Ultimate Target: 4.70-4.75 (1.618 extension), will only be reached in extremely strong market conditions, after excessive rise, a deep correction must follow, not recommended for speculation.

- Short-term Transitional Resistance: 3.44 (previous high), needs volume breakout to confirm strong continuation; if it does not break, a sideways fluctuation is highly likely.

2. Downward Support (prioritized from high to low, current price 3 adaptive sorting)

- First Strong Support: 2.80-2.85 (0.382 retracement), key support for short-term pullback; if broken, weakness will show, the main force's washout will likely stop here.

- Second Core Support: 2.45-2.50 (0.618 retracement), corresponding to previous low 2.52, very strong support; if broken, the upward trend will be shaken, and the main force may conduct a deep washout.

- Ultimate Support: 2.05-2.10 (0.809 retracement + historical consolidation platform), if lost, will directly return to low-level fluctuations, and the upward trend will be completely invalidated.

2. The Core Purpose of the Main Force's Repeated Rise and Pullback

1. Buy low and sell high to profit from the difference, diluting own cost: throughout multiple rounds of ups and downs, the main force buys retail investors' cutting loss chips at low levels (1.11, 1.306, 2.52) and distributes some chips at high levels (2.08, 2.82, 3.44), making profits from the waves while gradually reducing their own holding cost, mastering absolute cost advantages.

2. Clean up floating chips, reduce resistance to rising: each time there is a high pullback (e.g., 2.08→1.11, 3.44→2.52), it forces profit-taking retail investors to take profits, and trapped retail investors to cut losses, eliminating weak holdings, thereby reducing selling pressure during subsequent rises, allowing prices to be pushed up without spending too much capital.

3. Raise the market average holding cost to pave the way for high-level selling: repeated fluctuations cause retail investors to trade frequently in the 2.0-3.0 range, raising the market average cost from the initial 0.668 to above 2.5; when the main force sells at high levels above 3.5, retail investors still have profit expectations and are willing to take over, avoiding a situation where the main force's selling has no buyers.