Bitcoin has already fallen enough, so what is the analysis of insufficient trading volume? Why do we still need to look at the third round of decline?

Firstly, after touching the bottom in the morning, the rebound strength is clearly weak. Bitcoin has fallen 3,000 points in the first round from 8.17's first drop, totaling from 117.8 to 115. In the second round of decline from last night to the morning, it fell 3,300 points from 115.8 to 112.5, and the second round of decline even has a larger space than the first round.

With the high points being continuously compressed, the downward amplitude is gradually expanding, indicating that the number of long positions entered midway is continuously increasing. The downward trading volume has not only failed to be restrained but has also started to increase, so if this round of rebound cannot break through last night's peak of 1158 and break the curse of high point volume reduction, it may further lead to a third round of decline.

Therefore, the viewpoint of the third round of decline is based on making a downward observation around 114-114.5, and at most it will only incur a loss once, which will help determine whether it stabilizes and moves upward or further declines to 110,000.