The latest released Producer Price Index for July in the United States (PPI) shows that inflationary pressures have increased, which has caused short-term fluctuations in the crypto assets market. Nevertheless, Bitcoin (BTC) has still demonstrated strong resistance, successfully maintaining the critical support level of $118,000.

Market analysts indicate that although the magnitude of this pullback is relatively limited, it may have some impact on the Federal Reserve's monetary policy decisions. According to the latest economic data, the expected rate cut by the Federal Reserve in September may be relatively conservative and is unlikely to exceed 25 basis points.

This situation reflects the complexity of the current economic environment and the challenges faced by central banks in balancing inflation control and economic growth. For Crypto Assets investors, closely monitoring macroeconomic indicators and the direction of monetary policy will help better grasp market trends.

Despite facing some fluctuations in the short term, Bitcoin's strong performance at key support levels has still injected some confidence into the market. Investors need to remain vigilant while also recognizing the resilience and long-term growth potential of the crypto assets market.