🚨 Bitcoin's Early August Collapse: Key Insights🚨
🔍 Closer Look at Market Structure:
- The early August Bitcoin drop has uncovered vital details about the ongoing market structure.
- 📉 An Expanding Triangle Pattern formed as the market approached July's low.
📈 The subsequent rally is likely an X-wave, but further decline is necessary to confirm its completion.
🔑 NeoWave Principle:
- 🧠 A fundamental tenet of NeoWave is that the largest and quickest price movements dictate the trend's direction.
