BTC fall continues, market follows 108,000 USD support level.

[Block Rhythm] On August 20, according to the daily market brief released by the data platform, the overall market sentiment still leans towards a bearish short-term trend, with most traders focusing on the support range of $110,000 to $108,000, believing it may reach this low point. 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 fall 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 about a market turnaround. The technical indicators show that BTC's weekly MACD faces a death cross risk, similar to the market situation in December last year, and the adjustment period is expected to be around one month.

BTC-0.13%
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DecentralizedEldervip
· 15h ago
Who understands the rise and fall?
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defi_detectivevip
· 21h ago
Cool, I've started to buy the dip with my entire position~
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BoredRiceBallvip
· 21h ago
It's going to collapse sooner or later.
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Ser_This_Is_A_Casinovip
· 21h ago
How tragic... let me get a little stool.
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BearMarketMonkvip
· 21h ago
Wait for the bottom to buy.
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Hash_Banditvip
· 21h ago
just like dec'22... gettin flashbacks from my mining rig meltdown back then ngl
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GasSavingMastervip
· 21h ago
Bear Market is the perfect time to buy the dip! Don't panic.
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down_only_larryvip
· 21h ago
fall fall is about to collapse
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