$BE Just broke out five minutes ago, a major market maker wallet suddenly increased position by $8 million in BE, on-chain data can be checked at @chainmonitor. The price of 338 is the third test of the previous high in the past 72 hours; the last time it surged here, it was directly pushed back to 270. The 24-hour trading volume of 4.6 million indicates that the bulls are reducing volume and strongly resisting.

Trading logic translation: Market maker open position openly ≠ immediately pushing the price up. Historically, this kind of “announcement-style buying” usually has two phases of shakeout: first a rapid 5% rally to attract follow-up traders, then a violent pullback of 14% to clear leverage. The latest 24-hour low of 290 is the stop-loss red line; if broken, it will head straight to the strong support at 265.
Operational suggestion: Short at the current price of 337, set stop-loss at 342.5, first take profit at 315 (cover the 300 gap), second take profit at 290. Keep position size within 2%, don’t gamble on a breakout. Has the news already been priced in? The on-chain anomaly at 3 a.m. was only reported by media after 10 hours. Short-term chasing high has very low cost-effectiveness, but if it can withstand a shakeout, mid-term target is 360.