After stopping out at the 250 cost line, this time I didn't rush to chase the high. Instead, I restrained my aggressive mindset. I chose a cautious approach rather than engaging in higher leverage strategies.

Looking at the $COIN trend, from July 18 onwards, the entire correction process has been quite clear. It can be divided into three distinct phases.

The first wave, from 445 down to 293, was a significant decline. Then it rebounded to 402, which is the second phase. Finally, there was another drop from 402 directly to 225. These ups and downs have shaken many people's confidence.

From this three-phase movement, the support at the bottom is gradually weakening. The 225 level has already touched a key support zone from earlier. How it will develop next depends on whether this level can hold and whether an effective rebound can form.