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

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

Last night, Powell's speech at Jackson Hole gave the crypto market a shot of adrenaline! This guy changed from his usual hawkish tone, hinting that interest rate hikes might slow down, and the market immediately went wild—BTC surged 5% in one hour, directly breaking through the resistance level of 111740, MACD golden cross opened, trading volume doubled, clearly big funds are grabbing positions!

News Front: Powell's 'dovish' tone this time is loud and clear, Wall Street and the crypto circle collectively interpret it as 'expectations of liquidity easing,' institutions rushed to replenish their positions overnight. But seasoned traders know, the Fed's words are deceiving, we still need to see if market sentiment continues to ferment tonight.

Technical Front: BTC is currently stuck at the upper edge of the consolidation range between 111740-111625, with bulls in the short term. But pay attention to two points: first, the previous high of 111740 hasn’t stabilized yet, and second, the 4-hour RSI is close to the overbought zone. In simple terms, it has gone up, but don’t get carried away!

Personal Opinion: During the day, it is highly likely to consolidate the gains, key to watch the flow of funds after the US stock market opens tonight. If institutions continue to add positions, there may be a second surge; but if the volume doesn’t keep up, be careful of profit-taking crashing back to support.

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

Don’t forget, there’s also the US CPI data at the end of August, which is a nuclear bomb...

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