The cryptocurrency contract market is a practice in confronting human nature—acknowledging risk is the starting point, your position determines your mindset, not the market; stop-loss is the bottom line for survival, take-profit is the wisdom of wealth preservation, and unrealized gains, no matter how beautiful, are just illusions. Don't let FOMO emotions control you; behind others' huge profits are unseen liquidation armies. The market always has opportunities, but the principal does not. After the price dropped to 116500 in the early morning, it quickly rebounded to 117500. Although it briefly broke below the 115800 support in the morning, it quickly recovered and re-established near 117500, forming a long lower shadow, indicating strong buying pressure below. The two attempts to test the bottom have not broken key support, indicating that there is strong bullish defense in the 116500-115800 range, and bears lack downward momentum, with corrections more likely to wash out and accumulate strength. The current price is stabilizing around 117500; if it can hold this level, there is a good chance of further testing the 118000-119000 resistance zone in the short term.

From the market perspective, the decline has low volume while the rebound has high volume, indicating that market sentiment is still dominated by bulls. The quick pullback after the brief breach in the morning shows that the main capital has a strong willingness to defend the market, and the short-term selling pressure has been gradually digested. If it can maintain a fluctuating consolidation above 117000 during the day, accompanied by moderate volume expansion, then the probability of a second upward attack is significant. The key resistance to watch is at 118000; breaking through this level will open up new upward space. #稳定币监管风暴 $BTC

Aggressive investors can consider lightly entering long positions in the 117000-117200 range, with a stop-loss set below 116500 and a target near 118500. Conservative investors may wait for a volume breakout above 118000 to follow along with the trend confirmation. It should be noted that if it unexpectedly falls below the 116500 support, one must be cautious of the risk of trend weakening.