ChainCatcher News, according to Greeks.Live's daily market briefing, the overall market sentiment remains bearish in the short term, with most traders focusing on the support range between $110,000 and $108,000, believing it may reach this low. There is a divergence in the market regarding whether we have entered a bear market, with some community members believing that if it continues to 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 turning point to the market. Technical indicators show that BTC's weekly MACD faces a death cross risk, similar to last December's market, with an expected adjustment period of about a month.