What will happen to the $BTC market next?

Two possibilities:

1. If it does not drop below 112 this weekend, there will be a rebound for 2-3 days next week, expected around 116-117. However, the rebound is likely to be more corrective, and after the rebound, it may drop again to the 110-109 range. After falling to the 110-109 range, a 4H bottom divergence may appear, leading to a larger level of rebound.

2. If the price continues to decline this weekend, there may be a larger decline early next week, returning to the original range (100,000-112,000) for consolidation. In this case, the lowest price in August may reach the 90,000 range (92,000/96,000).

Yesterday's daytime market indicated that August's market was not good, and the evening also saw a significant drop as expected. I hope everyone managed to avoid risks.

There will still be some rebound opportunities in August, and we will maintain a low bullish mindset.