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# BTC-USDT Market Update: Consolidation After Recent Rally 🔍
## Recent Price Action
Bitcoin is currently trading at **113,529.4 USDT**, showing a slight recovery in the last hour after a period of consolidation. Looking at the 24-hour chart:
- BTC has been trading in a range between **111,834.7 USDT** and **113,874.3 USDT**
- We're seeing a cooling period after BTC recently hit **119,000 USDT** (as reported on July 29)
- Trading volume was highest between 2-3 AM with over **126 million USDT** in transactions
- The market has shown decreased volatility in the most recent 4 hours
## Key Market Developments
The recent pullback from the 119,000 USDT level suggests profit-taking after the strong rally. Despite this, the overall structure remains relatively stable with higher lows forming over the past 8 hours.
## Related News
1. **Bitcoin's Recent Peak**: Bitcoin broke through 119,000 USDT on July 29, showing a 1.38% increase from its daily low point.
2. **USDT Ecosystem Growth**: TRC2