#数字资产生态回暖 The recent market rally has been quite rapid and seems very powerful, but a closer look reveals many issues.

On the surface, prices are surging upward, but in reality, trading volume hasn't kept pace at all. The turnover is so sparse—what does that indicate? It means there are very few genuine buyers taking on positions. The current rally is mainly supported by two forces: one is trapped holders stopping losses and adding back positions, and the other is short-term traders quick in and out. These two types of funds are especially quick to take profits; once they start unloading, the entire rebound can collapse in minutes.

Don't get carried away by green gains and rush in to buy the dip—it's very easy to get caught. Historically, many people have bought the flying knives during rebounds, ending up worse than dead. The smartest approach at this stage is to stay put, watch more and act less, and wait until the situation is clear before making a move. The market right now is like walking on a tightrope—one wrong step and there's no turning back.

Rather than blindly chasing highs, it's better to first confirm whether the trading volume can effectively increase and whether the price can break through previous resistance levels. Protecting your principal is more important than anything else.