Recently, the sentiment in the crypto assets market has shown a clear wait-and-see attitude. According to reports from market analysis agencies, most traders are focusing on the key support range of Bitcoin between $110,000 and $108,000, expecting that this price lower limit may be tested in the short term.

However, there are differing opinions among investors regarding whether the current market has entered a bear market phase. Some believe that if the market continues to show a downward trend next Monday, it may signal the official arrival of the bear market.

Nevertheless, many market participants remain cautiously optimistic about the future. They see the period from mid-September to October as a potential window for market rebound, hoping that possible interest rate cuts could bring a turnaround in the market.

From a technical perspective, the weekly MACD indicator for Bitcoin is facing the risk of a death cross, a situation quite similar to the market trend in December last year. Based on historical data analysis, the industry expects this adjustment cycle may last for about a month.

In the face of the current complex and changing market environment, investors need to maintain a rational attitude and closely monitor various economic indicators and policy trends in order to make informed investment decisions.