From the perspective of the market maker's thinking and retail investor psychology, basically most retail investors like to buy the bottom when the price drops by half. In the period of falling from the highest price, the counterparty is relatively empty, because the air force has basically been killed in the process of the market maker's multiple-fold explosion, and few people dare to continue to participate. Those who dare to participate have three-meter-high grass growing on their graves.

However, if the market maker wants to make money and get out of his position, he must create a large number of counterparties, so that he can make money.

The most correct way is to quickly smash the market while the retail investors have not forgotten the token, smash the psychological price for retail investors to get on the bus, and then stay sideways to let retail investors get on the bus.

It is best to have several very small pulls and smashes near the 50% cut price during the period. Such very small smashes are not enough to scare away retail investors, and at the same time, very small pulls are not enough to make retail investors profit and leave, and at the same time, more retail investors can get on the bus and take over the market to become the counterparty of the market maker.

After the counterparty orders have accumulated almost enough, they may stay for no more than 24 hours. When the bus is full, they will continue to smash the market until the new retail investors are cut in half. When they cut their losses, it is the time for the dealer to buy the top short position to close the long position.

Therefore, the sideways trading of the highest price is very important to the dealer. He must seduce enough clients like a prostitute to ensure that he can get off the bus safely in the next short position buying operation and maximize his profits.