At the moment, the stability around $110,000 isn’t far off from last week’s expectations. Even if it briefly dips below, it’s likely to quickly bounce back above $110,000. This indicates that many investors still see this level as a good buying opportunity. Looking at the support structure, compared to levels above $110,000, the range between $102,000 and $108,000 has already formed a very solid support zone. Unless there’s new bearish news—not just concerns about a September rate cut or a U.S. economic recession, but something more concrete and negative—I don’t think this level will be easily broken. Currently, not only has the U.S. stock market stopped falling, but it’s even seen a slight rebound. This suggests that investors haven’t entered a highly pessimistic state. On Friday, the core PCE data will be released. As long as this data meets market expectations, it could help boost investor sentiment. Sponsored by Bitget ｜ @Bitget_zh