Although it may rebound, we are waiting to short

2023年8月19日

The weekly AO top deviated, and the daily line fell below the effective lower fractal and multiple support positions. However, the 4h AO generated a green bar without deviation, usually starting with a certain level of 4-wave correction rebound and 5th wave decline, which will be completed on Saturday and Sunday. So there may be a correction rebound next week, but it's best to give up this opportunity and wait for the correction to complete and take advantage of the trend to short. In the future, Bitcoin may fall by 30% to reach a supportive position.