#法国比特币战略储备方案 The news of Aster launching an on-chain buyback plan is undoubtedly a significant event in the market. The official announcement states that the buyback will cover 70%-80% of S3 trading fees and will directly purchase tokens in the market for destruction, with all operations being public and transparent. This substantial reduction in circulating supply not only demonstrates the team's confidence but also injects positive signals into the market. From a long-term perspective, it indeed constitutes a substantial favourable information factor, but whether it can effectively resist market sell pressure in the short term still needs to be observed in relation to the overall market response.

From a technical perspective, the current market trend shows significant downward pressure. The 1-hour K-line is located below the middle band of the Bollinger Bands, the MACD has formed a death cross, and the RSI indicators are all below 50, indicating that bearish forces are dominating. It is worth noting that, although the trading volume is above average, the price has failed to rise correspondingly, which may suggest strong selling pressure. The position at 1.0426 constitutes a key support point; if this level is broken, the price may further test the psychological support area of 0.95-1.00.

From an analytical perspective, although the buyback plan is indeed favourable in the long run, one should not expect it to reverse market trends in the short term. The current technical indicators are relatively weak, and bears may use this time to test support levels. However, the existence of the buyback plan does set a certain boundary for the downside potential. For short-term traders, it is important to focus on the performance within the 1.04-1.05 range; if a halt in decline occurs, a rebound opportunity may be considered, while breaking below this level should prompt a quick exit. Long-term investors should pay more attention to the actual implementation of the buyback, including daily buyback volume and address transparency, as these are the foundations that support confidence in long-term holdings.

It is important to be vigilant that if the repurchase plan is not implemented as expected, or if the overall market sentiment deteriorates significantly, the price may still drop below 1.0 in search of new support points.

In the face of favourable information from buybacks and a weak technical outlook, investors need to make a choice based on their own risk preferences: should they follow the institutional buyback signals or wait for a technical confirmation of a reversal before entering the market? $ASTER