Last night, during the 4-hour level, a strong upward spike occurred, resulting in a violent inverted hammer candlestick, quite intense. It's equivalent to 300 million in capital entering the market, and within an hour, 350 million left immediately. First, clear the high-leverage short positions, then immediately hit the lowest point from the day before yesterday. Ethereum was even more violent, soaring to 3030 before directly crashing to a new low of 2788.

So when the market is being pushed up, definitely do not chase; a rapid increase will certainly lead to a swift decline. Generally, this is a case of pushing up to offload, a false rise. As long as it's a pullback, it has the tendency to lure in buyers. Try not to 'catch the bottom' before a significant downward spike occurs, as the 'bottom' you catch will only be a short-term bullish move, which will become ineffective within 12-24 hours.