Looking at the total market cap (excluding Bitcoin, with Ethereum having the highest weight), we’ve seen a failure to rebound after breaking below the upward channel formed since October 2023 and failing to retest the lower boundary. Since 2024, the price has been supported four times at a strong support level. 1. Will it rebound after finding support? (If so, could this be the bottom?) 2. Will it undergo further consolidation before rising? (In this case, I believe we may see movement toward the end of this year or early next year.) --> Volatility will depend on key catalysts like clarity on interest rates. 3. Or will it fail to hold support and break to a new low? I believe scenario #2 is most likely—but this has truly been a grueling market. Still, I feel the asset has already fallen enough, yet no major panic has set in (am I the only one feeling this way?). I even wonder if a sharp, fear-inducing move might still be coming. For now, I’m holding onto my cash tightly.