Recently, the Bitcoin ( BTC ) market has shown strong performance, with prices exhibiting a rising trend in the short term. The latest quote shows that BTC has surpassed the high point of 117,397, demonstrating significant upward momentum.

Despite the market's general expectation of a pullback after the rapid rise, it has been proven that the support level around 116,500 is exceptionally strong, having been tested multiple times without breaking, highlighting the current resilience of the market.

Based on this strong performance, we remain optimistic about the future of BTC. Currently, around 116,300 may become a new support level, while there is potential to challenge the key resistance range of 118,000 to 120,000 above.

It is worth noting that several macro factors may impact the cryptocurrency market in the near future, including the upcoming Jackson Hole meeting and the release of economic data such as the number of initial jobless claims in the United States. These events may trigger market fluctuations, and investors should remain vigilant.

At the same time, as another mainstream cryptocurrency, BNB has also reached a new high, further reflecting the active state of the entire cryptocurrency market.

Overall, BTC is currently on a strong rise, but investors still need to be cautious, closely monitor various influencing factors, and manage risks well.