The price is determined by what? The only determining factor of price is funds. Institutions with large amounts of funds, large funds, and policymakers (such as Trump) have the ability to influence price movement. Price fluctuations are formed by the combined actions of different types of traders. The main classifications of traders are: Fundamental traders: including institutions, large funds, etc., who plan trades on a monthly basis, follow international and domestic situations, are skilled in using various financial instruments, have a huge amount of capital, and can influence short-term price movements through media. Technical traders: including hedge funds, quantitative traders, and some profitable retail investors, who have fixed trading strategies, have medium amounts of capital, and often use technical indicators, capital flow, market maker strategies, etc. for trading. Impulsive traders: most retail investors belong to this category, lacking stable strategies, relying on intuition or selectively using indicators, their trading behavior is unstable and easily influenced by market fluctuations.