Recently, the Crypto Assets market has shown familiar signs of Fluctuation. The sentiment among market participants seems to have peaked, which usually indicates a possible upcoming adjustment.

Currently, the price trend of Bitcoin is at a critical moment. The price ceiling is under pressure, while the support level of $115,000 is being tested. There are two possible directions for the market: breaking the downward trend to create a new high, or falling below the current support level to the next support level around $111,000. Given the current macroeconomic environment, the downside seems more likely.

It is noteworthy that the Bitcoin ETF experienced a net outflow of $131 million on its first day, which may indicate that the market's buying enthusiasm is waning. Despite the positive stimuli from the cryptocurrency-related legislation in the U.S. last week, the market currently seems to lack a new narrative to sustain strong buying momentum.

Clearing data shows that long liquidity is accumulating below, while there are indications that large participants may begin to liquidate long positions. These factors collectively suggest that the market may be on the brink of a correction.

In this case, investors need to remain vigilant. Excessive chasing of gains may bring risks, as the market often delivers the heaviest blows at the last moment. Economic policies in the coming month, including potential interest rate cuts and adjustments to tariff policies, may have significant impacts on the market.

Overall, the current market conditions remind us that it is crucial to maintain rationality and caution in Crypto Assets investment. Excessive optimism may lead to unexpected consequences, while prudent analysis and risk management may help investors better cope with the upcoming market fluctuations.