The recent decline reminds me of the period from June 6 to July 5, a month of continuous downward movement that was quite painful.
But compared to that time, I am actually more optimistic about the current situation.
Looking back at the trend from June 6 to July 5, the buying pressure below was quite weak until the end of June, when significant buy orders finally appeared.
Moreover, the circumstances back then were completely different from now—this time there is potential for Trump to take office.
I believe this round of shakeout will not last too long.