BlockBeats news, on September 28, CryptoQuant analyst Axel Adler Jr released a weekly summary of Bitcoin market conditions, stating that in the fourth week of September, long positions deleveraged, the funding rate cooled down, and the inflow of stablecoins and ETFs was weak. The trend of BTC this week was: after a failed attempt to break through $115,000, it quickly retraced, falling below $114,000, with a minimum of $108,600. Recently, it has been fluctuating in a narrow range of $108,800-$109,800, with low trading volume. The market stabilized after selling pressure, but the descending high point structure has not been broken. Key resistance: $111,000-$112,000; breaking and holding above can restore buyer momentum, targeting $114,000-$115,400; local support: $108,600-$109,000; maintaining neutrality as long as this range holds, with a minor drop possibly leading to a quick rebound; strong.