Why is #稳定币监管风暴 placing so much importance on 118000? Brothers, let's recall last week; several times we hit around this area and bounced back, indicating that the main capital has a strong willingness to protect the market here. My personal experience is that for support levels that have been tested multiple times, if the first retest doesn't break, it is often the most stable buying point. Just like last month, when we consolidated around 108000 for a few days, after holding that level, we directly surged 10%. However, if today, in the 1-2 hour chart, Bitcoin breaks through the iron plate of 118000 (with an effective closing price below), then we need to be cautious in the short term! The retracement pattern will start, and we will have to look down to see if these levels can catch the knife: 116790 -> 115660 -> 114730. Position management is the most important at this time; don't fight against it!