Greeks.Live: The market is divided on whether to enter a Bear Market, and the overall sentiment still leans towards a bearish short-term trend.

On August 20, Greeks.Live released a daily market brief indicating that the overall market sentiment remains bearish in the short term. Most traders are focusing on the support range of $110,000 to $108,000, believing that it may reach this low point. There is a divergence in the market regarding whether we are entering a Bear Market, with some community members suggesting that if prices continue to fall next Monday, it will confirm the onset of a Bear Market. The period from mid-September to October is seen as a potential Rebound window, with expectations that interest rate cuts could bring a turning point in the market. Technically, the BTC weekly MACD faces death cross risks, similar to the market situation last December, with an expected adjustment cycle of about one month.