From the data of Bitcoin, the turnover rate is continuing to increase today, mainly due to the decline in the price of $BTC, which has triggered panic among some investors. It's evident that not only the investors who bought the dip in the last two days show signs of cutting losses, but even those holding positions under $100,000 are showing a trend of exiting, possibly due to concerns about further declines in BTC.

However, from my personal perspective, this decline is similar to last week’s; it is driven by concerns over interest rate cuts in September and a potential economic recession in the United States, with no new negative news emerging. Therefore, the difference between last week's bottom and this week should not be significant. Although it briefly broke below $110,000, the support at this price level is still quite evident.

Furthermore, if it goes down further, the next support level is at $108,000, which is even stronger. Unless there is new negative news, I believe the probability of breaking this support level is low.