Last night's market situation was characterized by an early consumption of positive news, with the interest rate decision result: 4.25%, in line with expectations; future interest rate expectations adjusted downward → moderately dovish.

Interpretation of major players' actions:

1. No direct breakthrough: indicates that major players are not in a hurry to push up but are using news to accumulate positions + clear liquidity.

2. Strong support below ($BTC 114k, $ETH 4450–4480): major players still maintain an upward pattern and do not want the structure to weaken.

3. Liquidity above has not been cleared (BTC 117–118k, ETH 4580–4620), possibly waiting for the next time window to clear stop-loss orders in this area.

Current market judgment:

• Nature: The past 24 hours have been a small divergence and oscillation, with major players harvesting liquidity within the range, not breaking out of the trend.

• Sentiment: Moderately optimistic (support from positive interest rates), but the market is also on guard against "positive news cashing out and crashing the market."

✨Possible actions of major players:

• Continue to maintain range oscillation, repeatedly clearing liquidity up and down.

• If market sentiment continues to be positive, it may push up and break through BTC 117–118k, ETH 4580–4620, opening a new wave of trend.

• If the breakthrough fails, it is highly likely to revisit BTC 114k, ETH 4450 to clear positions.