According to the latest Bitcoin market data, trading activity is continuing to rise. This is mainly due to the fall in BTC prices, which has triggered some investors' anxiety. Not only are there signs of recent buy the dip investors executing stop losses, but even those with holdings cost below $100,000 are beginning to show signs of withdrawal, which may reflect their concerns about further BTC declines.

However, from the overall market perspective, this round of fall seems to be similar to the situation last week, mainly due to concerns about a potential interest rate cut in September and a possible economic recession in the United States. It is worth noting that no new significant bearish news has emerged at this time. Therefore, this week's price bottom may not differ much from last week's. Although it briefly fell below $110,000, this price level still shows strong support.

What is more noteworthy is that if the price continues to fall, $108,000 will become the next key support level. The support strength at this price level may be even stronger. Unless new negative factors emerge in the market, the likelihood of breaking through this support level is relatively small.

Overall, the current Bitcoin market is in a sensitive period. The interaction between investor sentiment and macroeconomic factors will continue to dominate price movements in the short term. Although there has been a certain degree of volatility in the market, the presence of key support levels may somewhat limit further downside potential. For investors, closely monitoring market dynamics while maintaining rational judgment will be an important strategy to cope with the current market environment.