The K-line in the cryptocurrency world reflects human greed and fear amidst the intermingling of red and green. Newbies are always ignited with hope by each bullish candle, only to be driven to the depths by bearish candles; while veterans know that K-lines are merely fossils of market sentiment, recording the desires and panic of countless people. When the K-line skyrockets almost vertically, the ecstatic newcomers fail to see the risks, while the veterans have already sensed the crisis—history always repeats itself, and human nature never changes. During a crash, some despair and cut losses, while others calmly buy the dip; yet, those who can truly operate against human nature are few. Short-term fluctuations are like tides, while long-term trends are the real channels; those obsessed with capturing every fluctuation will eventually get lost in the market noise. Only when the night falls and the trading software is turned off does one realize: wealth is not in the K-line, but in life outside the screen. The wild ups and downs in the cryptocurrency market teach us—markets never sleep, but life needs to settle; those who can coexist with volatility are the true winners. Today, Bitcoin has seen a bullish surge after stabilizing around 117,000, reaching a peak near 119,500. Although affected by the opening of the US stock market, it retraced to 117,500, but quickly rebounded above 119,000, showing strong support below. Currently, the price is maintaining a fluctuating consolidation around 119,000, with the 4-hour MA10 moving average forming effective support, and the KDJ indicator starting to recover after being oversold; the short-term adjustment has not damaged the upward trend structure.

From a larger time frame perspective, the daily level is still operating within an ascending channel, with the moving average system showing a bullish arrangement and the MACD maintaining a golden cross state. The key support area of 117,000-117,500 has become a defensive line for bulls; if it can stabilize above 119,000, it is expected to continue challenging the pressure range of 120,000-122,000. The 1-hour RSI level is maintained above 50, with moderate retracement volume, and the market still possesses upward momentum. #以太坊突破3700 $BTC .

It is recommended to stagger purchases for long positions in the 118,500-119,000 range, targeting 120,000-122,000, with a stop loss below 117,500. If it successfully breaks through the 120,000 level and stabilizes, a new round of accelerated upward movement may begin. The overall market sentiment currently leans bullish; the retracement is merely a technical adjustment, and buying low remains the main strategy; patiently wait for the trend to continue.