August 6 Afternoon Bitcoin Outlook: The rebound is just an illusion! The bearish trend is already set, go short directly at high levels



The high short strategy given in the morning now has some small room! Let’s talk about the afternoon again! From the current Bitcoin trend, it’s obvious that the bearish trend is getting stronger.

The current rebound is not worth mentioning, and compared to last week’s decline, it’s insignificant! It doesn’t change the overall downward direction, and on the larger cycle, it’s currently just consolidating with volatility, having fallen quite a bit earlier, so short-term fluctuations are normal.

The possibility of a downward breakthrough is high, and on Monday, continue to short on rallies, expecting further pullback.

When Bitcoin price reaches the 63,500-63,800 range, enter short positions, with the first target at 62,500#分享美股交易赢英伟达股票 $BTC
BTC-2.52%
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