Arrogant Declaration: BTC Breakthrough is Imminent, Those Who Miss Out Will Cry in the Bathroom! It's Not Too Late to Get Onboard!

The market is like a fierce beast, news is its feed, and technology is the reins—only those who can ride will enjoy the meat!

Last night, Powell's speech at Jackson Hole directly injected adrenaline into the crypto market! This old guy changed his usual hawkish tone, hinting that interest rate hikes might slow down, and the market immediately went wild—BTC surged 5% in an hour, directly breaking through the resistance level of 111740, with MACD golden cross opening up, and trading volume doubling, clearly indicating that big money is scrambling for positions!

News Front: Powell's 'dovish voice' this time was loud and clear, and Wall Street and the crypto circle collectively interpreted it as an expectation of 'liquidity easing', with institutions rushing to replenish positions overnight. But seasoned investors know that the Fed's words are deceptive; we still need to see if market sentiment continues to ferment tonight.

Technical Front: BTC is currently stuck at the upper edge of the fluctuation range between 111740-111625, with short-term bulls in favor. But note two points: first, the previous high of 11740 hasn't stabilized yet, and second, the 4-hour RSI is approaching the overbought zone. Simply put, prices have risen, but don't get too excited!

Personal Opinion: During the day, it's likely to consolidate the gains, with the key being the capital flow after the US stock market opens tonight. If institutions continue to increase their positions, a second surge may occur; but if the volume doesn't follow, be wary of profit-taking smashing back to support.

What should retail investors do?—Don't chase high prices! After a surge, either wait for a pullback confirmation or wait for a stable breakout. Tonight, focus on two levels: whether the upper level of 111740 can hold, and whether the lower level of 111625 can be defended. As for the direction of price movements? Before the US stock market closes at 1 AM, BTC is likely to show its direction.

Don't forget, there’s the US CPI data bomb at the end of August...

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