The market is a mirror, reflecting your greed, fear, hesitation, and arrogance. The real opponent is yourself; only by overcoming emotions can you conquer the market. Last midnight, Bitcoin surged to the 120,300 line before coming under pressure and declining. After touching down at 119,102, it stopped the rebound, and in the morning, bulls reclaimed and arrived back at the 120,264 line. During the afternoon, a slight correction occurred, currently running at the 118,500 line. Ethereum has been relatively strong, showing little room for pullbacks, mostly going up directly, skipping the process of corrective consolidation. Last night, the Bitcoin position at 117,624 successfully took profit at the 120,000 line, capturing a space of 2,376 points, while the Ethereum position at 3,631 successfully took profit at 3,750, capturing a space of 119 points.

From the current market perspective, after breaking the high in the early morning, it immediately entered a correction phase, which is all within expectations. The bullish trend remains steady, and the rhythm unchanged; the short to medium-term bullish position is unwavering. Structurally, after undergoing a previous periodic adjustment, it once again shows a strong consecutive rise, indicating robust bullish momentum and clear structural relationships. Currently, the high-level consolidation and correction phase is essentially building up strength for a potential breakout; the technical foundation is being solidified. Any pullback is still viewed as part of the adjustment and does not alter the bullish trend. The subsequent strength and timing of the next breakout will become the focus of attention. In the short cycle, the corrective steps are gradually taking shape; based on this, there is temporarily no top above, and the upward space remains promising.

On Wednesday afternoon, Bitcoin can be bought in the range of 118,300-117,800, with the initial target focusing on 120,000. Ethereum can be bought directly around 3,700-3,680, with the initial target focusing on 3,800. $BTC