$BTC 8.28 Bitcoin Market Analysis
Bitcoin continues to be bearish, the bullish trend has not yet arrived, and there are two mid-line trends:
1. Red route: Z wave has now completed the Za wave decline and Zb wave rebound, and is now in the final Zc wave decline. Zc wave is expected to fall to the previous low of around 48,000.
2. Yellow route: Currently, the Z wave has just begun to fall, and the callback cycle is longer, and it is expected to fall below 50,000.
At a small level, after the support of around 61,000 is broken, the support turns into pressure. If there is a small rebound to around 60,500, continue to increase positions and short.
Short around 60,500.
