Analysis: If Bitcoin falls within the range of $106,000 to $108,000, the market may trigger a chain reaction

According to PANews on September 5, Matrixport's latest weekly report shows that the price of Bitcoin has fallen back to the range of $106,000-108,000, and the trend model turns to a short signal has been verified. If the range is lost, the market may trigger a chain reaction. At the same time, gold broke through historical highs, European bond market pressure intensified, and US debt issuance showed parabolic growth. Technical support is significant, and historical data shows that the first retracement will not usually fall below the price easily. The capital fee rate has dropped significantly, the implicit volatility is close to historical lows, traders adjust positions in advance, and options market pricing shows that investors may underestimate the risks of subsequent volatility. The potential upward space in the fourth quarter is worth paying attention to, but the risk exposure caused by the sharp drop needs to be effectively controlled.