Understand the situation, don't get caught up in the techniques.

What is the "situation" (局)?

Funding Logic (Liquidity and Game Theory)

What funds have entered the market? VCs, market makers, KOLs, or manipulators?

Who is creating trading volume? Who is distributing their holdings? Who is controlling the market?

How do leverage structures, liquidation levels, and liquidation chains operate?

Narrative Logic (Storytelling)

Why is the market choosing to tell this story?

Why is the market hyping AI, RWA, or meme coins this round?

Which project is narratively well-positioned for the current market conditions?

Game Theory Structure (Retail Investors vs. Project Team)

Is this a game that allows you to make money, or a Ponzi scheme with "false value"?

Is the protocol mechanism designed to incentivize users, or to trap them?

The above are all collectively referred to as the "situation" (局): human nature, game theory, and funding behavior.

Candlestick charts are just the "techniques" (术); understanding the game theory is the true "way" (道).