The market isn't crashing; it's shifting gears.

Many people see the resonance decline as a crisis, but it's actually more like a cycle switch. The upward cycle relies on liquidity, while the correction cycle depends on valuation recovery.
① Bottom-fishing signals
I'm more focused on on-chain data and transaction density zones. If the price drops to a high transaction density area and stabilizes, that's true support. Right now, it feels more like an emotional stampede zone, not yet the value support zone.
② Downward driving forces
The core driver is often expectation changes. When the market begins to reprice interest rate paths or growth expectations, all assets will be repriced. Price fluctuations are essentially expectation fluctuations.
③ Trading review
Recently, I've reduced trading frequency to only 2–3 trades per week. During volatile periods, doing less means earning more.
A truth: Skilled traders are not about how many opportunities they catch, but about how many garbage opportunities they filter out.