Recently, the crypto assets market has experienced a pullback of about 7.9%, raising some investors' concerns about the arrival of a Bear Market. However, this view may be overly pessimistic. The upcoming liquidity changes at the end of the year indicate that the current market is more like undergoing a whipsaw rather than entering a Bear Market.

From a technical perspective, Bitcoin's 4-hour and daily charts still do not show clear signs of a bottom. Last week's weekly candlestick had an upper shadow, and with the upcoming speech by the Federal Reserve Chairman, multiple factors resonated to cause this wave of capital outflow.

It is worth noting that institutional investors tend to be more insightful than retail investors. Last week, the market generally felt FOMO (fear of missing out), while this week, they are hesitant to buy amid the decline, which is typical retail psychology. A rational investment strategy should be to wait for signs of market stabilization before decisively entering, rather than chasing prices up and down.

Currently, the market seems to be nearing the bottom. Bitcoin may find support in the range of 113,000-114,000, Ethereum's support range is at 4,070-4,160, while Solana may stabilize in the range of 175-178.

In this market environment, it is crucial to remain calm and rational. While short-term fluctuations can be unsettling, long-term investors should focus on fundamentals and long-term trends rather than being swayed by short-term price movements. At the same time, it is important to remember the significance of risk management and to allocate assets reasonably according to one's risk tolerance.