Last night's Powell speech boosted the crypto market, with Bitcoin prices soaring by 5000 points, showing rapid momentum. For investors, it is both a visual feast and a psychological and strategic test. Some investors are under pressure and observing. The volatility in the crypto market showcases the allure and risks of cryptocurrencies.
Bitcoin prices have broken through resistance levels and turned into support, indicating a continuation of the upward trend, with hopes of breaking through the 120,000 mark. However, the crypto market is unpredictable, and forecasts should be approached with caution.
Bitcoin: Around 116500-116000, looking up at 117200-118300