Why will Bitcoin continue to fall? Without looking at any news, let's simply analyze the market chart. After falling rapidly to 48,900 on August 5, it rebounded rapidly. This is just the B wave rebound in the ABC three-wave correction wave, that is, the price rose rapidly due to the bottom-fishing sentiment of retail investors. Here, the main force did not absorb much chips, so it will continue to fluctuate downward to adjust the C wave and absorb chips. Everyone knows that a rapid rebound is not the bottom, and a direct V-reversal is not conducive to a healthier rise in the future. Only by grinding the bottom price range for a long time can it be determined that it is the bottom of the accumulation of chips, so we should not be too optimistic now. On August 5, the amplitude of the big cake was about 20%. This was definitely not a sharp drop caused by retail investors' selling. It must be that the main institutional shipments would cause such a large fluctuation. So let's think about it. These large institutional main forces sold the coins at a price of more than 50,000. Now they have no chips in their hands. Will they pull the market? So I think they will wait until the market is the coldest and then push the price of the big cake down again until they take back the bitcoins sold at 60,000 and 50,000 at a lower price, and then there will be a sharp rise. If you have 50,000 and want to continue holding, you can set 56,000 as the final stop loss, and clear the position when it breaks. As for where the bottom is, I think no one knows, so take it one step at a time, and wait for the C wave low to appear before buying. Many people may wonder why Bitcoin fell more than the altcoin today. That's because everyone in the altcoin is almost stuck and no one is willing to cut their losses, so there is no supply, so there is no big drop. But if Bitcoin continues to fall below 56,000, the altcoin will still panic and fall.

$BTC is currently in the first round of decline on the ultra-short-term 15-minute line, and the second round of decline will follow a short-term rebound to around 59,200...