$BTC "The market is never like that fickle maiden; instead, it resembles a calculating old cat, whose eyes can pierce the depths of every human heart even in the dark. We all strive to sustain its existence with our efforts, yet it seems to treat us merely as its vassals.”

Since the last analysis of Bitcoin, a month has passed. Although I still feel that the market has not undergone significant changes, I can stabilize my mind, but others may not, so I think a response can be made. However, I still maintain my original viewpoint regarding the market situation.

Bitcoin is still bearish.

Since the high point of 123 on July 14, all subsequent market movements have been adjustments to the high point of 123, which is a correction to the fifth wave of the purple line. Subsequently, a new high was reached on August 14, just as I said last month: "In essence, it is a desperate counterattack from the previous high point relative to retail investors," which doesn't stir up much of a storm. It can be seen as part of the adjustment wave, namely, the "upward adjustment," or it can be viewed as the final extension of the fifth wave of the purple line, but neither is of great concern. It is only necessary to understand that the subsequent period will be a downward adjustment.

"The market has never been like that capricious girl; on the contrary, it is more like a cunning, scheming cat, whose eyes can see into the hearts of each of us in the dark. Each of us puts in effort to maintain its life, but it seems to regard us merely as its servants." #波浪理论