The market has re-entered the accumulation rhythm, but the current positioning is clearly still not enough. For the cost required for subsequent distribution, there may still be some room missing. In this “vacuum zone,” repeated back-and-forth and deliberate pulling are, in essence, just capital carrying out fine-grained operations. No matter how much the process is dragged out, the bigger direction remains bearish, and this has not changed.

From the daily chart perspective, for two consecutive days the price has attempted to break upward and hold above resistance during the early-morning hours, but the outcome is very clear—every time it touches the high area, it meets selling pressure. The chips are exchanged quickly, and the strength of the follow-through is insufficient. This “sell whenever it goes high” rhythm indicates that the market does not truly have the conditions to turn stronger.

At the same time, in the past few days there has been no ideal pullback from a low area. Instead, it has continued to carry out high-frequency shakeouts while staying in the high zone, with a clearly visible intention to wash out chips. At the execution level, this kind of structure requires decisiveness, not hesitation.

Operationally, we still maintain the original approach:
74500–74900 range, continue to focus on shorting from above#GatePreIPOs首发SpaceX $BTC