Assuming you are the market maker now, I represent the retail investor sentiment.

At this time, retail investors are largely missing out, with the general sentiment being: "It's risen so much already, let's wait a bit more," and "Don't chase it yet, let's see if it pulls back first."
So how would you choose as a market maker?
Situation A: No increase, moving sideways.
What will retail investors think?
Most people will only be more cautious, possibly testing the waters with a small position, or even continuing to observe, thinking that either the consolidation has ended and the market will drop, or they can wait a bit longer.
Conclusion: Low trading volume, no one dares to make large purchases, and it's impossible to absorb chips.
Situation B: Start to decline
No one is going up anymore.
Everyone assumes that this round of rebound has ended, "If we miss it, we miss it. Next is the pullback."
The market maker made a round, but didn't catch any fish, ending up with nothing.
Situation C: Continue to rise, without giving opportunities.
This is interesting.
Retail investor psychology:
"Still rising?" → "What the hell, how is it rising again?" → "Damn, it can't really be this bullish, right?" → "I can't take it anymore, I need to get in!" → "Damn it, I'm going for it!"
The more it rises, the more I doubt it; the more I doubt it, the more anxious I become; when the anxiety reaches a certain level, I buy in bulk.
So, you are the market maker, which one do you choose?
——Obviously, continuing to rise without giving an opportunity to get on board is the easiest and most efficient way to force a short squeeze.
This is an emotionally driven market; the logic is often not based on fundamentals, but rather on how to push people from hesitation to losing control. #BTC即将创新高吗？# #PI# #ETH# #GT# #DOGE#