Recently, while watching the market with a few beginners, they kept asking the same question: After the sharp decline on October 11th, the rebound has been weak for a few days, will there be another bottom test?

After observing the market for three days, my view is that it needs to be analyzed separately. Mainstream coins and altcoins have completely different strategies and cannot be lumped together.

**Mainstream Coins**

Let's start with ETH. Many people in the market are worried it will retest $3400, but I think this concern is a bit unnecessary. The $3400 level is not an arbitrary price; it has been the solid bottom line of countless bulls and bears battles over the past two years. Every time it stabilizes here, and after a breakout, it turns into real support. On October 11th, the bears exerted all their strength to dump and volume surged, but they failed to break through this level. Instead, the bulls pulled it back, showing how strong this defense line is.

In the past few days, there has been a correction, but looking at the trading volume makes it clear—volume is shrinking day by day, just like a fight losing strength. The first time they tried with all their might to push open a door and failed, now that their strength is gone, can they push it open again? Impossible. Looking at ETH's 4-hour K-line, during the first big drop, the bears were quite fierce, but they were countered by a long lower shadow. The subsequent two declines were smaller in magnitude, and the volume kept decreasing, clearly indicating the bears are losing stamina. So, that October 11th drop, rather than signaling a trend reversal, was more like a shakeout in a bull market—just to scare out the retail traders who are not confident, not an indication of a bear market.

**BTC**

The logic here is more straightforward. If it can really retrace to the $100,000 to $107,000 range, that would be a good buying opportunity. This zone has accumulated quite a bit of entry capital before, and the safety cushion is quite solid. If buying spot, there's basically no need to panic sell; there's enough time to hold.

**Altcoins are a different story**

Stop following the hype of "breaking new lows." Many altcoins have already fallen sharply; their weakness now is not because no one wants them, but because short-term selling pressure is too high, and it needs time to digest these sell orders. A good sign is that on-chain trading volume is increasing, indicating some people are still paying attention. But a bad sign, to be honest, is that some altcoins will likely be delisted from exchanges or even wiped out completely. If you get overly eager to buy the dip now, you'll probably get trapped in the middle of the decline.

So don’t be scared by short-term fluctuations. The bottom support for mainstream coins is there, but for altcoins, you need to be more cautious— not every drop is worth catching.