BEAT is now in an interesting position. If you want to buy the dip, ask yourself a question first – what does the market maker of small cap coins ultimately want to do? To put it bluntly, they want to dump at a high point.

Looking back at the recent trend: The surge from the past two days has exhausted various means, and there are too many long positions trapped in the range from 3 to 4. Now the funding rate has turned positive, and most of the bears have taken profits and exited near the lower shadow line around 2.65. Fuel is becoming increasingly scarce, how much resistance will there be if we want to push higher? Although continued upward movement will certainly attract FOMO buying, the problem is—retail bulls have never been the market maker's relatives; they just want to hitch a ride. It's common sense that during a surge, the fewer bulls following the market maker, the better.

Then the logic is very clear. What is the lowest risk strategy for the market maker? Create support in the range of 2.6 to 2.8, move sideways, and quietly dump. Once all the chips in hand are sold, remove the support and let the price drop freely, and that's it.

Based on this judgment, the next operational idea should be as follows: wait for the market maker to rapidly pump and blow up the high leverage short positions at this level, and only then is it a good time for us to establish bottom short positions. The strategy remains the same — focusing on high-level short positions.