What's next for $BTC?
Two possibilities:
1. If it doesn't fall below 112 this weekend, it will rebound for 2-3 days next week, expected to trade around 116-117. However, this rebound is expected to be corrective, and it may fall back to the 110-109 range. After falling to 110-109, a 4H bottoming divergence will occur, followed by a significant rebound.
2. If the price continues to fall over the weekend, it may experience a larger decline early next week, returning to its original range (100,000-112,000) and fluctuating. In this case, the lowest price in August could reach the 9-digit range (92,000/96,000).
Yesterday's market performance indicated a negative outlook for August, and as expected, the market plummeted last night. I hope everyone is taking safe-haven measures.
There will be some rebound opportunities in August, and we maintain a buy-on-lows strategy.
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