In order to know the direction of Bitcoin, we must go back to the previous movement and study the nature of Bitcoin.
Last year, in the same month of August, Bitcoin made a dump and then rose, then after that made another dump and began the rise that broke through a previous peak from $20k to $74k.
Bitcoin made a dump in the same month and rose again, and we may see another decline before the start of the historical rise.
We previously talked about the fact that the real movement may begin in September or the beginning of the last third.
The analysis is subject to correctness and error, but it is closer to reality because the movement of the previous year was repeated.