The Bitcoin market is about to迎来 a critical moment, with significant market changes expected at 2 AM tonight (GMT+8). Investors need to stay alert and be prepared for potential market fluctuations.

Currently, Bitcoin is facing an important resistance level at 117000. If it successfully breaks through, the next key level will be 118000. If it can firmly stand above 118000, we may see the price further rise to the range of 120000-123000.

On the other hand, the support level for Bitcoin is between 113300 and 114000. If it falls below this range, the price may further drop to 110000-111000.

According to the current market trend, it is expected that the daytime will continue to maintain a volatile state, with a low probability of directly breaking through 118000. However, the evening trend will be significantly influenced by the interest rate cut decision. If the rate is cut by 25 basis points, we may see the price initially rise to 118000, followed by a decline. Conversely, if the interest rate remains unchanged, the market may experience a significant drop.

For long-term investors, market corrections may present good buying opportunities. However, investors need to closely monitor market patterns, especially whether the daily close at 8 AM tomorrow can hold the key position of 112000.

It is worth noting that the cryptocurrency market is highly volatile, and investors should proceed with caution and implement risk management. In addition, market predictions are for reference only and should not be considered investment advice. Before making any investment decisions, it is recommended that investors conduct thorough market research and assess their own risk.