Powell's speech is approaching at 22:00 tonight, and the impact of the news on the market is expected to be significant.

From this week's trend, the pullback is basically in place, and multiple dips have not broken through support. The downside space is now very limited, so the focus will be on when the bulls will exert force. The overall strategy remains primarily on buying low, with a core focus on the strength of the rebound.

Evening operation suggestion: Buy Bitcoin in the range of 111500-112000, with the initial target at 113500. If it breaks through, it can be further aimed at 115000; if it fails to break through the target, consider going short.