The current Crypto Assets market is in a phase of releasing Favourable Information and sentiment, and a momentum investing phenomenon may occur in the short term. It is noteworthy that the 'sell the news' effect that was expected to follow the previously anticipated dovish policy did not materialize as expected, which may be due to the early fall last Monday that changed market expectations.

Given this situation, investors may need to wait for the weekend sentiment to subside before making decisions. Particularly considering that the recent remarks by the Federal Reserve Chairman have shown concerns about the economy, following this logic, more analysts may start discussing whether the economy is on the verge of recession next week. Therefore, if market concerns about the economy intensify, it could create opportunities for price pullbacks.

From an emotional perspective, the short-term market may be overly optimistic. If the current rise opportunity is missed, it may be necessary to wait for the market sentiment to cool down before making a decision. Conversely, when the market starts to turn pessimistic, it may actually be a good time to hold on to a bullish view.

For Bitcoin, in the short term, attention needs to be paid to the resistance level around $116,900, which is the MA200 position on the 4-hour chart and has a certain level of resistance. If this level is broken, the next key resistance level is around $118,900. As for the support level, it may need to be assessed after the weekend market sentiment is digested.

Overall, it is very important to remain calm and rational in the current market environment. Investors should closely monitor changes in market sentiment and make informed decisions based on their own investment strategies.