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The drop caused by liquidity exhaustion is fatal. Over the past two days, I have resisted every urge to buy the dip, not purchasing a single coin or adding to any position. Ethereum has broken below the low of 3400 on October 11th, heading straight for 3100. Even worse news is that the recent drop has not yet seen a significant volume increase. Ethereum is currently above 3000, with 3080 as a support level. If this position breaks, we could see Ethereum around 2800. Bitcoin's trend is extremely unfavorable; the market took half a month to recover, and now how much time will be needed to fix the recent decline? During this entire period of low sentiment, various negative news continues to come in succession.

The market has become overly panicked, but if we look at the gainers list, privacy coins are all taking off. Does anyone really care about privacy in the crypto space? Not really, it's just that the whales need a reason to pump. Once the U.S. government ends the shutdown, hundreds of billions of dollars in liquidity will quickly flow into risk assets and rebound significantly.

In such a market, don't think about bottom-fishing; it is crucial to focus on self-preservation. Having capital allows for limitless possibilities. After a sharp decline, there will be more opportunities. For now, continue to wait; do not buy any coins, and patiently await a safer opportunity. #参与创作者认证计划月领$10,000