In the cryptocurrency world, the real battle is never against the market, but against one's own mindset. When FOMO drives you to buy high and sell low, and when panic makes you cut losses at the bottom, you have already lost to your emotions. The core competitiveness of top traders lies not in predicting market trends, but in cultivating a stable mindset of 'not going crazy in a bull market, not losing hope in a bear market, and not being anxious during fluctuations.' The evening market saw a wave of correction in cryptocurrency prices, dropping to around 120,000 as we expected, with a minimum drop to 119,200. The limit short orders we set for the evening also looked towards the 120,000 mark. As expected, Ethereum rebounded directly, resulting in a short position gaining over 60 points. This perfectly predicted the market trend, and currently, the cryptocurrency price has rebounded to around 120,200.

Currently, Bitcoin has formed a clear dividing line between bulls and bears at the 120,000 mark, with the technical aspect showing a bearish dominant pattern. The 4-hour level has failed to effectively hold above 120,000 after three consecutive retests, the MACD indicator has formed a death cross near the zero axis, and the RSI continues to run in the neutral and weak area around 45, indicating that the rebound momentum is fading. The lower point of 119,200 faces the risk of a second test, and if it effectively breaks down, it will open the downward space towards 118,500. Ethereum is also weakening in sync, with the funding rate turning negative further validating the cooling market sentiment. #BTC突破12万大关 $BTC

In terms of operations, it is recommended to set up short positions around 120,200, with strict stop-loss set above 120,800 to control risk. The short-term target first looks at the support level of 119,200; if it breaks down, the target can continue to look towards 118,500. The current market volatility is high, and investors should remain flexible in response and manage their positions well.