Today is August 27th, BTC price is 111,157. From observing macro information over this recent period, I’ve noticed that during downturns, positive news about BTC from the U.S. almost disappears completely. However, starting today, bullish news has been popping up again. This indicates that market sentiment is slowly improving. In terms of price action, we can see that while BTC is in a weak rebound phase, ETH is showing relatively strong momentum. Coins like DOGE and XRP, which are likely to see ETF-related developments in September, are also rebounding aggressively. These are worth paying close attention to. Finally, as BTC reaches this level, we can see that on the 30-day contract liquidation chart, further declines don’t hold much significance anymore. A move up to 120K could liquidate $5 billion in short positions. The X-line price action also shows that the downward momentum is nearing its end. Keep a close eye on the price action here—there’s a high probability of a reversal coming soon.