Recently, the prices of mainstream tokens in the cryptocurrency market have fallen below the medium-term rising trend line, entering a phase of adjustment. If the support level at $3800 cannot be maintained, it is likely to dip to the range of $3400-3550, which is considered the historical balance point of the chips.

$3400 is a key reversal point in the past, not only a strong support but also a psychological barrier for investors. If it can stabilize at this level and show bullish technical signals such as a bullish engulfing pattern, it will provide an ideal layout opportunity for long-term investors.

It is worth noting that the potential interest rate cuts in October will strengthen the bulls' confidence around the support level of $3400. This not only helps to drive a rebound but may also shorten the duration of the consolidation period. In the long term, interest rate cuts may also push the market to repair towards previous resistance levels.

Overall, if the support at $3800 fails, the stability at the $3400 level will become a core signal for long-term positioning. Combined with the potential improvement in market liquidity from interest rate cuts, the bullish logic remains valid in the long run. Investors should closely monitor these key price levels and changes in macroeconomic policies to make informed investment decisions.