• Congratulations to those who follow the view I shared
• The market is forming a bottom in August after the July candle closed very nicely
CRain1989
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Quick update $BTC - Frame D and large frames are entering the small amplitude range of 116-119k. - The inability to break ATH in July has led to major charts forming a new accumulation area. - The August candle is approaching. Although I predict the July candle will close around the range of 117-119 or higher for the August candle to continue being green. However, before that, the August candle needs a dip to create a bottom.
=> Assessment: - BTC will trade within the range of 116-119 for a few days and has the potential to drop further to create the bottom of the August candle before officially rising again. - I have advised the team to sell off around the 118xxx range and wait for BTC to adjust before re-entering to protect the capital. - You can refer to this. At this time, I think it's better to stay out. Shorting is also quite risky as the long-term uptrend continues.
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