Today, this bearish belt hold has come down, leaving many people confused. In fact, this is not just a simple weakening of technical aspects; rather, it is due to four major news events that have consecutively caused dumping, leading to an instant collapse of market sentiment.

**What exactly happened?**

**The Bank of Japan suddenly turns hawkish.** The usually laid-back Bank of Japan suddenly mentioned today that it is "considering adjusting interest rate policy." Don't underestimate this statement; once actions are taken, global liquidity will need to be repriced, and risk assets will be the first to suffer, with the crypto market being no exception.

**Trump has thrown another bombshell.** He recently stated that Powell might resign, and this kind of uncertainty is the most deadly. The market has never been afraid of clear bad news, but rather of not knowing what will happen next. In such times, funds will choose to run away first as a precaution.

**Domestic regulation has tightened again.** Recently, many trading channels have been restricted, and the flow of funds in and out is not as smooth as before. With liquidity being constrained, market confidence naturally takes a hit, leading to a wait-and-see attitude, and the buying pressure weakens.

**Another security incident in DeFi.** Yearn's yETH pool was attacked, and a large amount of assets was transferred away. If even such an established project can have issues, how can on-chain users not panic? Once security risks are exposed, the speed of fund withdrawal is faster than anything else.

**My opinion:**

The recent decline is a result of concentrated news outbreaks and does not indicate a complete trend reversal. Those who were going to panic have already done so; now it is more about the process of emotional recovery. Negative news never gives a heads-up, nor do positive developments provide advance notice. The key is not to let short-term fluctuations disrupt your rhythm.

Stay calm, wait for the market to digest these negative factors, and opportunities will naturally return.

Recent targets worth paying attention to: TNSR, TST, DYM, FUN, ZEC