Recently, the Bitcoin market has experienced significant fluctuations, attracting widespread attention from investors. The current Bitcoin price has broken below an important trend line and has fallen approximately 2000 points from around 117000 in the past 24 hours.

Analysis indicates that the next key support level for Bitcoin is around 113500. It is expected that the price may test this level in the next two days. If it cannot hold, it may continue to fall to around 110000. This position could become the endpoint of this round of adjustment, after which a rebound market is expected to begin.

The long-term target remains optimistic at 136,000. However, the upcoming speech by Powell on Friday could have a significant impact on the market. If Powell releases hawkish signals, the price of Bitcoin may further fall to around 95,000. Conversely, if he releases dovish signals, 110,000 could be the bottom of this round of decline.

Investors should closely follow these key price levels and upcoming economic signals to better grasp market trends. However, it is also important to note that the cryptocurrency market has significant Fluctuation, and investment should be approached with caution.