Recently, the Crypto Assets market has experienced significant Fluctuation. The US stock and futures markets suddenly fell sharply, and this trend quickly spread to the Digital Money sector. Interestingly, prior to this, despite the US stocks and gold reaching new highs, Bitcoin continued to show a downward trend. Now, with the US stocks falling, Bitcoin still has not been able to shake off its slump.

The latest market data shows that the price of Bitcoin briefly touched a low near $110,500, and market participants are generally focused on whether this key support level can hold. It is worth noting that the positive effects of the Federal Reserve's interest rate cut seem to have faded. As previously predicted in the analysis, after the rate cut, the market saw a brief high before entering a continuous decline mode, which has undermined the confidence of bullish investors.

If the current support level cannot hold, the price of Bitcoin may fall back to around $107,500. Although there is currently capital engaged in protective operations, the effectiveness remains uncertain. For investors who are optimistic about the long-term development of Bitcoin, setting buy orders around $107,500 may be a strategy worth considering.

However, the uncertainty in the market remains high. Investors need to closely monitor factors such as the global macroeconomic situation, changes in regulatory policies, and the movements of institutional investors to make more informed investment decisions. In this market with intense fluctuations, risk management and patience are equally important.