The current market fluctuations exhibit characteristics typical of pressure from both macroeconomic weakness and political factors. Once the latest non-farm employment data was released, investors quickly exited the market, and Trump's comments on tariffs added fuel to the fire. Market makers took the opportunity to conduct a round of depth adjustments, with on-chain data showing a significant increase in selling pressure.

However, looking at the various bull markets of Bitcoin, pullbacks are actually a normal phenomenon. In each bull market, we typically experience at least two major pullbacks of over 40%, around five medium adjustments of 20%-30%, and dozens of small fluctuations of about 10%.

The current market adjustment, while unsettling, has not yet reached a state of true panic. Although many small cryptocurrencies are still experiencing significant declines, this may provide opportunities for savvy investors.

For confident investors, this may be the last good opportunity to position at a low level in the first half of this year. In such market conditions, it is crucial to remain calm. Carefully select quality projects and position at the right price to prepare for the potential strong rise in the next round.

Remember, the market is always cyclical, and the current adjustment may just pave the way for future growth. Stay rational, manage risks, and patiently wait for a shift in market sentiment. In turbulent markets, the biggest opportunities often lie.