BTC Weekly MACD Top Divergence, High Dead Cross!!!

The downward adjustment at the weekly level is currently ongoing and will definitely not end anytime soon, lasting at least around a month. August is about to pass, and the market in September will not be good, but rather it will enter a phase of bear market!

Based on the analysis of the previous downward cycle, it is estimated that BTC's oscillating downward adjustment will end around October 15. By then, a new upward trend will emerge, with a target price of over 138,000.