On-chain buybacks are bullets, technical indicators are the chamber; after the bullets are loaded, where should the gun be aimed?
News: Aster officially dropped a bomb today—launching the on-chain buyback plan, targeting to cover 70%-80% of S3 transaction fees, directly purchasing and destroying coins from the market, with the address publicly verifiable. This move of 'real money protecting the market' acts like a shot of adrenaline: reduced circulation + team confidence endorsement, which is a big positive in the long run, but whether it can withstand the selling pressure in the short term depends on market sentiment.
Technical: The current market seems to have hit the brakes—1-hour K-line is stuck below the middle band of the Bollinger Bands, MACD dead cross + RSI all below 50, bears are in control. Trading volume is higher than usual, but the price hasn't risen, indicating someone is eager to sell. The lower band at 1.0426 is a key support level; breaking it could lead straight to the psychological barrier of 0.95-1.00.
Personal opinion: Buybacks are a long-term positive, but don't expect 'miraculous cures' in the short term. The technicals are weak, and bears may take the opportunity to crash the market to test support, but the buyback plan is like a safety rope, limiting the downward space. Short-term traders can focus on the 1.04-1.05 range; if it stops falling, bet on a rebound, if it breaks, run; long-term holders should pay attention to the execution strength of the buyback, such as how much is bought daily and whether the address is transparent, as that is the backbone of holding positions.
Risk warning: If the buyback is just 'a lot of noise with little action', or if overall market sentiment collapses, the price may really need to go below 1.0 to find a bottom.
'On-chain buybacks are a clear signal, the technicals are the dark lines; will you choose to follow the big players for profit, or wait for trend confirmation? Pay attention to Shence, Shence will announce the follow-up breakdown of buyback progress and the resonance timing of market signals in the village at the first time!'
#法国比特币战略储备计划 $ASTER