The liquidity of the market is continuously declining, and the sentiment remains low in the short term.

Funding aspect:

The secondary market is experiencing capital diversion due to new coins from VC and the TRUMP presidential coin, leading to a further reduction in existing capital.

The primary market is attracting funds due to various junk presidential coins, celebrity coins, and other projects, further exacerbating the market's 'bloodletting effect.'

Market structure and trend:

Liquidity contraction: The trading depth of the market has worsened, the buying support has weakened, and bullish confidence has been undermined.

Price trend: In the current environment, the market may gradually seek a bottom through oscillating declines, with support expected to build above 90,000.

Strategy recommendation:

Avoid heavy positions or long-term holdings, as the market does not have the conditions for sustained upward movement in the short term.

Adopt a short-term trading strategy, quickly entering and exiting in a volatile market to flexibly respond to market changes.

Pay attention to market rhythm, and patiently wait for liquidity improvement or the formation of a new trend before adjusting trading strategies.