Recently, looking at the BEAT market in the last hour, it surged from a certain point to 4.5 with a direct increase of 6.84%. On the surface, it looks glamorous, but if you look deeper at the funding rate, it has already dropped to -1.5 in this deep negative range, which is quite interesting.

The market is full of bears suppressing prices, and the enthusiasm of the bulls has been crushed round after round by spot trading. Someone was liquidated with 2 million just like that, both sides took a hit, and this is what this surge is trying to tell us – new retail investors, don't be blinded by this pump.

The key is that once the trend retraces, those aggressive bulls will immediately trigger a chain liquidation. At that time, the price will drop sharply, and stop-loss orders will trigger like a domino effect, completely dragging in those who take the bait. So chasing this increase now is like jumping into a meat grinder.

My suggestion is to keep a close watch on these two key positions, 3.5 and 4.5, as they mark a watershed between support and resistance. Don’t follow the trend and become the chives filling for the operators; the market’s tricks to lure buyers are limited, but avoiding them requires a calm mind and ample patience.

I hope this sharing is helpful to you, and I wish everyone a successful trading.