In the Crypto Assets market, the operations of market makers can usually be divided into seven stages, each with its characteristics and purposes.

First is the accumulation phase, characterized by range oscillation. The price seems about to break through but always fails to succeed, and the overall trading volume begins to increase, with peaks in trading volume appearing at both the upper and lower boundaries of the range. The decline is often rapid, while the rise is relatively slow.

The second stage is a preliminary rise. Due to investors being deceived multiple times in the early stages, they usually dare not chase the rise, so the price quickly deviates from the cost area.

Next comes the first pullback. This pullback is usually deeper, accompanied by a decrease in trading volume, leading investors to mistakenly believe that the price may break below the previous low, thus hesitating to participate.

The fourth phase is the second wave of increase. This wave of increase is slower and lasts longer. At first, it is difficult to determine whether it is a rebound or a reversal, but after breaking through the high point of the first phase, investors realize the market situation, and it often leads to greater volatility.

The fifth phase is the second pullback, which is faster than the first. Only a sharp decline can trigger panic. At the same time, the rise is also quick, aiming to force on-site investors to cut their losses, while off-site investors miss the opportunity to intervene.

The sixth phase is the third wave of the uptrend, which is the fastest and the largest in amplitude. The goal is to attract the attention of the entire market, and there are usually multiple price limits reached, enticing investors to buy at high prices. In this phase, price fluctuations increase, and there may even be a ceiling and floor situation; on one hand, it is about selling while prices rise, and on the other hand, it boosts investor confidence.

The final stage is centralized shipping. In fact, shipping began in the last wave of the rise. If the earlier shipping was sufficient, the price will directly fall significantly; if it is insufficient, it will oscillate at a high level. At this time, attention should be focused on the turnover rate.

Understanding these stages helps investors better grasp market trends, but caution is still needed in operations; do not blindly chase highs and sell lows.