This drop reminds me of the period from June 6 to July 5, where the continuous decline over that month 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 very weak until the end of June when significant buy orders emerged.
Moreover, the situation back then is completely different from now — there is potential for Trump to come to power this time.
I believe this round of washing won't last too long.