BlockBeats news, on August 20, Greeks.Live released a daily market briefing indicating that overall market sentiment still leans bearish in the short term, with most traders focusing on the support range of $110,000 to $108,000, believing that it may reach this low point. There is a divergence in the market regarding whether we are entering a bear market, with some community members believing that if there is a continued decline next Monday, it will confirm the arrival of a bear market.
Mid-September to October is seen as a potential rebound window, with expectations that interest rate cuts may bring a market turnaround. The technical analysis shows that BTC's weekly MACD is facing a death cross risk, similar to the market conditions last December, with an expected adjustment period of about one month.
