Analysis: Bitcoin Enters Seasonally Weak Period, Market Confidence Remains

According to Cointelegraph, although Bitcoin briefly fell back to around $105,000, market sentiment remains strong. According to CoinMarketCap data, $BTC's intraday decline is approximately 1.79%, reporting at $105,560, while the Crypto Fear & Greed Index remains in the "Greed" zone, scoring 63, only 1 point lower than the previous day. Analysts point out that although Q3 is usually the weakest quarter for the crypto market, the current market is still optimistic. CoinGlass data shows that since 2013, the average increase in Bitcoin's Q3 has been 5.47%. If this trend continues, the price is expected to approach a historical high of $111,000 by the end of this quarter. [ChainCatcher]