If the decline continues, and Bitcoin falls below $111700, the False Breakout $BTC will be confirmed.

BTC and SUI were in a downward channel, with no signs or patterns indicating a trend reversal. However, after Jerome Powell's remarks, which opened the possibility of interest rate cuts by mentioning risks in the labor market, combined with the movement of whale entries and retail investors, prices suddenly broke through the middle of the channel. This jump without a clear foundation resembles more of a short rally or even market manipulation, movements that generally do not sustain for long before the downward trend resumes.