Bitcoin plummets in the afternoon, bullish traders hit again! Short-term volatility intensifies, how to respond steadily?

On Thursday afternoon, Bitcoin continued its downward trend, and the familiar script was replayed, echoing the rhythm of Wednesday. After a brief rebound around the 119265 level, the coin price quickly weakened, effortlessly breaking through the 118000 mark, with bearish traders regaining dominance. The bullish sentiment in the early session was educated by the market, but fortunately, after breaking the key support level of 118700, a timely short position was taken, not only avoiding greater losses but even successfully turning a profit! Acknowledging mistakes and adjusting in a timely manner is the way to survive.

The current market is experiencing extreme volatility, with fierce battles between bulls and bears. Short-term traders must remain flexible, while medium- to long-term players need to patiently wait for clearer trend signals. Remember, the market is always right; the wrong part is your management! Currently, the short-term trend continues to show a downward trend, so in the afternoon we will focus on the 117000 level below. Before a breakthrough occurs, we can rely on the support zone below for a second opportunity to go long. If it breaks down, then caution is needed, as it will likely head towards the bottom support zone.

Bitcoin reference near 117500 bullish traders, looking back at 119000;

Ethereum references bullish traders near 3550, looking back at 3660.
#Gate ETH十周年回馈# #特朗普AI战略# #RWA热潮#