The current thought is that we are in a 'release period' for the market regarding positive news and sentiment, with short-term FOMO. The previous concern of a dovish 'Sell the news' that arose last weekend did not materialize, clearly indicated by the early drop on Monday that changed the original expectation of a 'Sell the news' after the dovish sentiment.

Therefore, I plan to wait for the weekend sentiment to cool down before making any decisions. Moreover, today, Mr. Powell expressed concerns about the economy, and according to this logic, it is likely that a 'great scholar' will start 'interpreting' whether the economy is in recession next week. Thus, I believe that if concerns about the economy arise in the market afterwards, it will provide opportunities for price corrections.

In terms of sentiment, the outlook is currently overly optimistic in the short term; if missed, we must wait for the market to calm down. Conversely, when the market starts to become pessimistic, it will instead strengthen my bullish viewpoint.

Returning to the charts:

#Bitcoin Short-term resistance is noted around 116,900 at the 4-hour level, where the 4-hour MA200 is located, presenting a certain level of resistance. If it breaks through, we need to look at the resistance level near 118,900.

For support, I'm not looking yet; let's see the situation after the sentiment has digested over the weekend.