Yesterday's $4 large bearish candlestick dominated the market headlines, but if we trace back to the morning of the 23rd, the entire trend logic had already been laid out. At that time, some traders were considering shorting a top-tier altcoin but overlooked a key signal — this wave of market movement was fundamentally not suitable for a short-selling mindset; instead, it called for locking in long positions. Looking at the subsequent trend, those who insightfully analyzed the market indeed seized the opportunity.

What was the driving force behind this? The Federal Reserve's repurchase agreement plan became the core variable in the market. Such plans essentially inject liquidity into the financial system, acting as a catalyst for risk assets. When market liquidity is abundant, funds naturally seek assets with strong carrying capacity and high popularity — the altcoin sector was the first to be affected.

From a technical perspective, the performance of this coin on the morning of the 23rd was quite convincing: the previous upward channel was intact, moving averages formed a bullish alignment, and trading volume expanded moderately, without showing typical top divergence signals. All these indicated that the trend still had room to continue. Meanwhile, the entire altcoin sector was in a synchronized active state; the rise of leading coins was not an isolated phenomenon but a reflection of sector resonance.

From macro to micro, the complete chain shows that contrarian shorting is undoubtedly against the market trend and capital flow. The subsequent policy moves by the Federal Reserve will continue to influence risk assets. Grasping policy signals and the resonance points of technical analysis are key to maintaining stable profits in this market.