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Greeks.Live: Market Divided on Entering Bear Market, Overall Sentiment Still Bearish in Short Term
Summary: According to Greeks.Live's daily market briefing, the overall market sentiment still leans towards bearish short-term trends, with most traders focusing on the support range of $110,000 to $108,000 and anticipating a possible touch of this low. There is a division in the market on whether it is entering a bear market, with some community members ...
According to Greeks.Live's daily market briefing, the overall market sentiment still leans towards bearish short-term trends, with most traders focusing on the support range of $110,000 to $108,000 and anticipating a possible touch of this low. There is a division in the market on whether it is entering a bear market, with some community members believing that if the market 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 about a market turnaround. On the technical side, BTC's weekly MACD is facing the risk of a bearish crossover, similar to the market situation in December last year, with an estimated adjustment period of about a month.
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Link: Greeks.Live: Market Divided on Entering Bear Market, Overall Sentiment Still Bearish in Short Term [Copy]
