Yesterday I mentioned that I would test the support level of 113500 below in the near future, and then it would start to fluctuate and decline.

Key support for Bitcoin at 113500, which may be tested in the coming days, followed by a rebound and decline. If this indeed happens, the initial target for the pullback is 110,000, and after reaching that, a rebound should begin. $BTC

Impact of Powell's speech on Friday:
- If hawkish, it may drop to 95000;
- If dovish, 110000 is likely to be the endpoint of this decline.