Is the strength of this round of BTC decline strong? Has a downtrend begun?
Is the downward strength strong:
From the market, I have drawn three rounds of downward waves. The first round has a significant decline, and the downward volume is large.
The second round of downward waves is smaller than the first round, with volume also less than the first round, and the price did not break the previous low.
The third round of downward waves is smaller than the second round, with volume also smaller than the second round. The price did not break the low of the second round of decline, and the high of the rise broke the second round.
Therefore, compared to these three rounds of downward strength, each wave is weaker than the previous one. This is what the market shows, it is real.
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