The leading strategy has always been my trading logic, but there's an interesting phenomenon— the definition of the leader and the participants are constantly iterating.

From the early Golden Horse stage, to the rise of the Bull and Horse era, to the current dominance of the main players, it has now evolved into a grassroots power. Each role transition has changed who can profit from the leader.

However, this time feels different. The structure of market participants seems to have stabilized, and the tactics of the leader may be about to reach a new balance. Worth observing.