Recently, Trump's second son expressed optimism about the future trend of Bitcoin (BTC), predicting it could reach a high of $175,000 this year. This statement has sparked widespread discussion in the market.

However, the current market situation is not optimistic. The hawkish signals issued by the Federal Reserve yesterday led to a general decline in the US stock market. Nevertheless, analysts believe that since the Asian market is not currently dominant, the likelihood of a sharp decline during the day is relatively small.
Market experts point out that tonight's US unemployment claims data release and the performance of the US stock market will be key. If the Bitcoin price can remain stable around $114,000, along with the Fed Chairman Powell's speech tomorrow night not being too hawkish, then the bottom around $112,500 may be confirmed.
It is worth noting that if Powell's comments on Friday lean dovish, there may be a good altcoin market over the weekend. Investors are closely watching the upcoming Jackson Hole meeting, hoping to gain more insights into monetary policy.
Overall, the cryptocurrency market is still full of uncertainty, and investors need to closely monitor various economic indicators and policy signals to make cautious decisions.