Recently, the cryptocurrency market has experienced significant volatility. Bitcoin (BTC) has seen a strong weekly increase of 25% and is now facing its first depth correction. The market trend has touched the previously predicted two support levels of 118350 and 116850, and is currently hovering around 116850. If it falls below this critical level, the next important support level will be around 115200.

This wave of correction, although within expectations, has had a significant impact on the overall market sentiment. It is noteworthy that the price movement of Bitcoin shows a clear difference from other cryptocurrencies. As the price of Bitcoin falls, many altcoins may face greater pressure, and the gains accumulated previously may be quickly erased.

From a technical perspective, the key watershed for Bitcoin is at 119850. If it can stabilize at this position, the next target range will be 121800-123300; if it fails to stabilize, it may further test down to 116850-115200, or even 113500. Currently, it is in an adjustment phase at the 4-hour level, and investors are advised to remain cautious.

In terms of Ethereum (ETH), the $3000 level has become a dividing line between bulls and bears. After breaking through this position, the upper targets are 3047-3083-3122; if it falls below, it may retreat to 2913-2872-2836. The current Ethereum market has entered an adjustment phase after experiencing a brief rebound.

For investors, it is important to remain rational and avoid being swayed by FOMO (Fear of Missing Out) emotions. Formulating a clear trading plan, rather than relying on speculative psychology, is particularly crucial in the current market environment. It is essential to recognize that market trends will not change due to personal emotions; maintaining a clear awareness is key to seizing opportunities amid volatility.