Bitcoin price dips below $108,000 on OKX, down 0.76%
On September 2, Bitcoin price on OKX dipped below $108,000, recording a 0.76% intraday decline to around $107,964. The Bitcoin price drop highlights growing market volatility and may signal increased selling pressure among traders. Short-term traders might see the dip as a buying opportunity, while long-term investors focus on support levels near $108,000 and $107,000 for signs of stabilization. With no strong bullish catalysts recently, traders should monitor on-chain metrics and global macro trends to gauge potential rebounds or further downside.
Bearish
The 0.76% intraday dip below $108,000 underscores rising market volatility and increased selling pressure in Bitcoin trading. The breach of key support levels without strong bullish catalysts suggests bearish momentum may continue. Although some short-term traders could view the price drop as a buying opportunity, the lack of stabilization above $108,000 raises the risk of further declines, leading to a predominantly bearish near-term outlook for BTC.