Tonight, the Crypto Assets market experienced fluctuations once again. Around 19:00, 1 billion USDT was injected into the market, which was originally expected to push the price to rise. However, unexpectedly, in the subsequent live broadcast, the market still faced certain selling pressure. It is worth noting that when the price reached the previous low, a clear rebound occurred, which may suggest that buying power is gradually strengthening.



Historically, after each USDT issuance, the market usually experiences a rise in the short term. The market performance after this injection is worth our close attention. Currently, as long as the price can hold above the previous low, there is still a possibility of a rebound. Considering that we have already experienced five waves of decline recently, the space for further significant drops may be limited.

Night market analysis shows that Bitcoin (BTC) needs to pay close attention to the key level of $113,550. If it can hold above this position for 1-2 hours, it may trigger a wave of Rebound. The main resistance levels above are around $114,600, $115,800, and $116,800.

Overall, in the current market situation, investors should maintain a cautiously optimistic attitude. Closely monitor changes in key price levels while also managing risks to cope with potential severe fluctuations. In this uncertain market, it is particularly important to remain calm and rational.
BTC-2.63%
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JustHereForMemesvip
· 08-23 18:30
It's a good time to Be Played for Suckers again.
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AlphaLeakervip
· 08-21 02:33
Still staying up late to watch the market.
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