#美SEC促进数字资产监管创新 Observing the current market trend, I believe this wave of fall is different from the situation four years ago on 519, resembling more the bear market pattern that began after the drops on 12.3 and 12.4. It is expected that the upcoming trend will present an alternating cycle pattern of "fall - brief rebound - continued fall - slight pullback", and this kind of fluctuating downward trend often leads to the most significant losses for investors.

The current economic environment is already poor, and many investors have worked hard to accumulate funds to enter the market, only to encounter such a black swan event, resulting in a massive withdrawal of market funds. In this situation, a Bear Market pattern is likely to form. For ordinary investors, it may take a considerable amount of time to accumulate enough funds to participate in the market again. This market is indeed brutal, often leaving participants with little breathing room, especially in the current circumstances.