Bitcoin has been under significant pressure since mid-August. The sharp decline to the range of US$108,000–110,000 was triggered by technical factors, macro data, and large whale movements. Currently, investors and analysts are highlighting whether the US$108,000 level will be a turning point or will be surpassed, opening up the risk of further declines. Market sentiment is very cautious, and any opportunity to 'buy the dip' needs to be analyzed with full vigilance.
