#Tether froze nearly $550 million worth of USDT related to Iran within the year, triggering concerns about regulatory-related capital outflows. As a high-volatility asset, CL is the first to be hit. I believe bearish momentum still dominates in the short term, and any rebound is merely a technical correction.

CL fell 4.2% in 24 hours to 90.68, with trading volume of 20.88 million. The low at 90.08 is close to the immediate level. Both the 1-hour and 4-hour charts are in downtrends, and the distance from the recent highs is -5.68% and -9.97%, respectively. The funding rate has dropped to zero, indicating longs no longer have a premium. With 467,000 positions, there is no sign of panic liquidation. The top 10 bid/ask ratio is 1.60, with slightly thicker buy-side support, but heavy sell pressure is present above at 94.71—any rebound is likely to fail.

Strategically, on the pullback to 92.35, go short with light exposure; stop loss at 93.86; take profit at 89.42. If the daily candle closes below 89.12, you can add to the short; target 87.65. Risk per trade must not exceed 2% of total capital—don’t hold through adversity.

——Only my personal opinion and does not constitute investment advice. Wishing you smooth trading.——

$CL#Tether froze nearly $550 million worth of Iran-related USDT within the year