A dip followed by a rise is called a shakeout, a dip followed by a further dip is called a distribution. Retail investors may find it hard to believe whether the funds are shaking out or distributing, but most of the time, it is retail investors who decide. Let's first talk about distribution. When distributing, the main players will try to rotate at high levels, but it's difficult to see a significant increase. If the big players have a choice, they will definitely prioritize distributing at high levels. Distributing during an upward move just means that pushing the price up requires cost; when they want to distribute, the main players naturally are reluctant to push the price up significantly.

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