Bitcoin 112000 is a "watershed"; bullish above, retreat below, not complicated;

Powell's speech last night was dovish, and the probability of a rate cut in September skyrocketed. As the dollar weakens, risk assets strengthen​​. On-chain short-term whale average cost is 109000, and the price is still above their "floating profit cushion", so there is not much selling pressure​;

The net inflow to exchanges from yesterday to today is 66 million dollars. It looks scary, but compared to previous single-day sell-offs of several hundred million dollars, it is just a "small splash"​​!

Personal trading advice: set buy orders in the 115000—114300 range on a pullback, target 118000, 120000! $BTC