Last night Powell spoke, and Bitcoin took off directly, soaring all the way to 117000! Many people were caught off guard by this surge, but I was already aware. In fact, I mentioned to everyone yesterday that 114800 is a key level. Once broken, the target of 117000 is just around the corner, and our long position has already made a good profit.
Weekend markets are usually not too outrageous and are likely to stabilize, so everyone don’t panic. Regarding Bitcoin, my suggestion is: go long in the range of 114500 - 115000, with a target looking towards 118000 - 118500. If it falls below 114000, decisively cut losses, do not hesitate. Our trading approach is to be steady and methodical, not to miss any opportunity to make money, while also managing risks well.
