Many retail investors are waiting for a wave of sharp decline, a drop from 119,700 to 115,800, with over 4,000 points perhaps not being enough. It seems that we can only continue to hold on...

Bitcoin continues to be under pressure at the 120,000 mark, with resistance now shifting to around 118,000. The 115,000 level can serve as a short-term dividing line between bulls and bears, as this position and the 116,000 area have repeatedly tested effective support. If this level is effectively broken, it will inevitably trigger a change in market sentiment.

Bitcoin's continued downward testing is the first step of a pullback; Ethereum has repeatedly attempted to surge but has failed to hold the 3,800 mark. It should be noted that Ethereum is currently the market's main force. Therefore, in short-term operations, I will continue to focus on shorting, and will consider going long again at the key support levels below.

Conservative investors should wait for actions above 118,000, with target space depending on your perspective.

Long entry points can be considered within the 115,000 to 116,000 range. #稳定币监管风暴 $BTC