A new week begins, and the crypto market awakens again. The volatility on Monday often amplifies emotions, but calmness is the key to victory—holders should not be tied down by short-term ups and downs; long-term logic is more important than a single day's candlestick. Observers should be wary of FOMO; discipline can survive better than impulse. Remember, the market never lacks opportunities, it lacks patience. Monday is just the first hurdle of a psychological battle; staying clear-headed amidst the turbulence is crucial, and data, news, and macro trends are the true compass, not the noise in group chats. Only stable players can go further. Looking back at the early morning market, BTC faced significant resistance after rising to around 118,800, subsequently forming a step-like downward oscillation, breaking below the critical support level of 118,500, confirming a short-term correction trend. The morning saw a lowest dip to 116,300, with a correction exceeding 2000 points, while ETH also dropped over 100 points, indicating increased bearish sentiment in the market.
Currently, although BTC has rebounded to around 117,400, it remains in a downward channel overall, with the rebound strength being weak, and it has not effectively stabilized above the resistance zone of 118,000. If it cannot break through the pressure level of 118,500 in the short term, it is likely to continue the correction trend, with the next support level to watch being 116,000; if it fails to hold, it may further dip into the range of 114,500-115,000. ETH is similarly under pressure, and the risk of correlated declines should be monitored.
Operation suggestion: If the short-term rebound is weak, consider light shorting at highs, strictly setting stop-loss above 118,500, with targets of 116,000-115,500. If there is a significant drop below 116,000, the bearish trend may accelerate. Market sentiment remains cautious, and one should be wary of sudden volatility, managing position risks.
