A cautious market outlook has emerged for Bitcoin, according to expert insights shared by Adam, a macro researcher at Greeks.live, during a Chinese community briefing. The group expresses concern over Bitcoin’s recent performance, with the critical price level of 108 repeatedly tested without significant support. They are closely monitoring potential implications from a weekly MACD death cross, which could trigger institutional and large-scale investor exits. Moreover, market uncertainty is fueled by the upcoming non-farm payroll data release on September 5th, which may lead to volatility. Despite Bitcoin’s decline yesterday, altcoins have exhibited resilience, prompting further investigation into the current market structure.