BTC was influenced by the speech, and after directly dropping to the 111.6k position last night, it rebounded, facing resistance at 117.2k in the short term. Although there was inflow into ETFs yesterday, the overall calculation still shows a negative inflow. Clearly, during the rise, it was driven by futures, and such a market lacking support from spot funds finds it difficult to break through key resistance levels in one go.

After reaching a high at 12 AM, it began to distribute, with bulls taking profits. It is expected that after consolidation over Saturday and Sunday, there will be a chance for further increases on Monday.

Attention should be paid to the 115k-114.5k range below, which is also a relatively ideal price to go long. Only by breaking through 117.2k can the market welcome an overall positive situation.