Technical analysis, simply put, is investors' understanding of market logic — finding patterns in price fluctuations and opportunities in complex phenomena. Traders all want to make money, and how do they do that? Buy low and sell high. This price difference is the source of profit and the fundamental logic behind the entire market movement.

Are there patterns in market rises and falls? Absolutely. The changes in indices and coin prices don't appear out of nowhere; they are driven by supply and demand, sentiment, and capital interactions.

But what's interesting here is — different scales of capital mean different rules of the game. Small funds are flexible in and out, with high randomness in speculation, making individual patterns seem insignificant; but if you zoom out to see the overall market trend, patterns emerge. Large capital is different; with its size, once it moves, it’s like a battleship turning — not easy to quickly enter or exit, so large capital tends to have stronger purpose and longer persistence. These are real events happening in the market, constantly influencing prices.

There are also external factors: policies, public opinion, macro environment… Investors' moods change at any moment. Sometimes they are optimistic today and pessimistic tomorrow; sometimes driven by logical deduction, other times purely emotional swings. All these factors mix together, causing the crypto market to display a wide variety of complex trends. What technical analysis does is to identify the regularities within this chaos — that’s its purpose.