Last night, Fed Chairman Powell's speech injected new vitality into the Crypto Assets market. Bitcoin's price soared by 5000 points in a short time, showing a strong pump momentum. This violent fluctuation not only overwhelmed investors but also posed challenges to their psychological endurance and strategy formulation capabilities.

In the face of such rapid market conditions, some investors choose to wait and adopt a cautious approach to market changes. This significant fluctuation once again highlights the dual nature of the Crypto Assets market, where allure and risk coexist.

From a technical perspective, the Bitcoin price has broken through the previous resistance level, which has now turned into a support level. This is often seen as a signal for the continuation of an upward trend. The market generally expects Bitcoin to challenge the $120,000 mark. However, considering the high uncertainty in the crypto assets market, investors should remain cautious when making predictions.

Currently, the Bitcoin price is fluctuating between $116,500 and $116,000. If it can break through this range, the next target price may be between $117,200 and $118,300. Nevertheless, investors should always be vigilant about market risks, rationally view short-term price trends, and manage risks effectively.

This market cycle once again proves that the changes in the Crypto Assets market can come swiftly and fiercely. Whether experienced traders or novice investors, everyone needs to stay sharp in this market full of opportunities and challenges, and formulate suitable investment strategies.