SpaceX is about to launch a massive IPO, and the large-scale fundraising will continue to drain existing liquidity from the secondary market, which is already tight. Added to this, last Friday’s non-farm payroll data significantly exceeded expectations, with 172,000 new jobs far surpassing the forecast of 88,000, and employment figures for the prior two months were also revised upward. CME interest rate data immediately pushed the probability of a December rate hike to 63%, effectively eliminating any chance of rate cuts this year—short-term liquidity is unlikely to improve. Due to the combined impact of these two negative factors, U.S. equities experienced a sharp correction: the Nasdaq plunged over 4%, with the entire semiconductor sector collapsing; NVIDIA fell more than 6% in a single day, erasing over $300 billion in market value. It is now essential to proactively manage position risk. However, don’t let the market’s widespread bearish sentiment drive your decisions—panic often leads to poor choices. BTC has closed in negative territory for six consecutive days and briefly dipped below the $60,000 mark amid the U.S. market correction, but it quickly rebounded to around $61,000. This level has solid long-term support, clearly visible in sustained buying interest. Maintaining composure through this period comes down to well-structured positioning: half of my portfolio is allocated to assets, half held in USDT. While I worry about further declines causing unrealized losses, I also hope for deeper pullbacks to accumulate more at lower prices—my idle funds are perfectly positioned to buy the dip. I’ve stopped chasing short-term fluctuations and will now focus on just two key levels: if BTC falls to $30,000, I’ll gradually add positions; if it rises above $90,000, I’ll systematically recover my cost basis and take profits. The rest will be left to the market cycle.