#美联储降息 Still dreaming that this wave marks the start of a bull market? The few needles two days ago should have been enough to wake you up, right?

Seeing a major institution entering with 200 million and then shouting that the bull is back—come on. Open your eyes and look at this chart, a textbook example of a kill zone.

The recent trading patterns are clear at a glance. You need to understand how the whales are pulling the wool over the retail investors’ eyes:

**Step 1: Public Opinion Induces Bullish Sentiment**
What caused the recent surge the day before yesterday? Trump’s team released signals of “significant rate cut room,” and one wave of public opinion fire instantly pushed the price to 94,550. How many short positions were directly hit by this move?

**Step 2: Precise Kill Shots**
At 3 a.m. today, the Federal Reserve announced a 25 basis point rate cut. Usually, such a clear positive signal should lead to a decline. But the manipulators’ tactics are ruthless—they first smashed through a sky-high needle to 94,400, knocking out all the chasing shorts, saving some long positions, and thoroughly cutting off retail investors who entered late. Only then did the real decline begin.

Twice, attempts to push above 94,000 were repelled. This is a classic double-top pattern. All the chips above 94,000 are trapped.

Now, the situation is even more heartbreaking. Before the macro outlook, Nasdaq futures dropped 1.42% at open, US stocks are adjusting—can $BTC stand apart? The long-short ratio is still at 1.88. With such a heavy vehicle, the main force has no reason to push it up and relieve your positions. The entry of a major institution looks more like a smoke screen for retreating.

**My straightforward judgment:**
This wave is just taking advantage of the institutional entry expectation, finally hunting retail investors to jump in, combined with a big drop as US stocks open lower.

**My strategy:**
Short on rebounds, set stops above, targeting the true bottom in the 8,000s. Those still blindly longing for a “soil dog” right now—good luck.