The current crypto assets market is in a stage of digesting favourable information and positive sentiment, and momentum investing may occur in the short term. Last weekend, the "sell with bearish market" that the market originally anticipated after the dovish policy did not happen immediately, and this expectation has been reflected in the early decline at the beginning of the week.

Considering that there may be an emotional pullback over the weekend, along with the recent remarks by the Federal Reserve Chairman expressing concerns about the economy, it is expected that the market will begin to discuss whether the economy is facing recession risks next week. Such concerns about the economic outlook may create opportunities for price adjustments.

From an emotional perspective, the current market may be in a state of excessive optimism. If investors miss the current rising opportunity, they may need to wait for the market sentiment to cool down before making decisions. Conversely, when the market starts to become pessimistic, it may actually be a good time to maintain a bullish outlook.

Regarding Bitcoin, in the short term, attention should be paid to the resistance level around $116,900, which coincides with the 4-hour MA200 and has certain technical significance. If this level is broken, the next key resistance level is around $118,900.

As for the support level, considering the current market sentiment fluctuations, it may be necessary to wait until the weekend for the market sentiment to stabilize before reassessing. Investors should remain vigilant and closely monitor market trends, taking into account various factors such as technical analysis, fundamentals, and market sentiment when making investment decisions.