The cryptocurrency market is essentially a battleground of human nature, where we often see favourable information leading to price falls, while unfavourable information can trigger rises. This counterintuitive phenomenon has become the norm in the market.

From a technical analysis perspective, the current daily chart shows a clear downward trend, accompanied by a plummeting price movement along with shrinking trading volume, indicating that a true panic bottom has not yet formed and is still in the making.

Large funds are currently adopting an all-round suppression strategy: the rebound in May lasted only three days, and many investors who entered at high prices immediately encountered turbulent liquidation, being harvested efficiently.

In the context of global economic instability, blindly believing in the return of a short-term bull market is unwise. The market is likely to continue following the rhythm of "long falls and short rises," meaning that declines may last for several months while rises are only brief, lasting just a few days.

Large institutions are becoming increasingly aggressive in their operations, squeezing market liquidity through strategies on both the long and short sides. For ordinary investors, the real opportunity to bottom out is not now, but rather when retail investors have completely given up and lost all confidence; only then might the market bottom truly arrive.