Everyone, I want to share some sobering market observations.

Many people look at the recent decline of Ethereum and think we've reached the worst point. If you pull up the monthly chart and examine it carefully, you'll notice an overlooked but crucial detail: that "monthly lower shadow"—the level capable of clearing out the last batch of leverage and establishing a long-term bottom—may not have been formed yet. From a different perspective, what we're experiencing now might just be the opening act of this correction.

The cruelty of the market isn't in a single sharp plunge, but in the relentless, torturous downward trend. Support levels that seemed solid are repeatedly broken, and rebound highs that seemed promising are smashed down again. While daily traders struggle with losses, big funds are calmly positioning themselves on the monthly scale. They understand exactly where each "iron bottom" is, and they know where your stop-loss orders will be triggered—because this is the map of liquidity being harvested.

I'm not sharing this to create pessimism, but to help us see clearly what kind of market environment we're truly in. Relying on intuition and luck to survive here has become so unlikely that it's hardly worth mentioning. Behind every support level, there could be a pile of risks waiting to be triggered; every rebound might be the start of another liquidity sweep.

This is no longer just a simple investment game. It's more like a survival test involving cognition, patience, and risk management. Those who make money are often not because they predict the market perfectly, but because they manage risk most prudently.

So the question is: in the face of potentially deeper corrections, what should we do? Continue betting on the bottom, or turn around and focus on things we can control and have more confidence in? Each person must answer this for themselves.