Bitcoin’s price remains relatively stable, currently stationed at a key resistance line. The market is gripped by fear, and although the charts show potential for further price increases, everything still appears calm for now.
Trading volume has significantly decreased to one-third of its usual level, highlighting the dire state of the market. My prediction for the price 24 hours from now is a decline.
The pattern on the chart has formed a distinct “bat” shape, which suggests that a downturn is likely. If it continues to decline, it would be favorable.
Despite the engulfing fear, a recovery is necessary. I am concerned about how long this dreadful downturn in August will last.
Following the major trend tends to be a safer bet. If the direction seems to be downward, continuing to bet on this trend can make it easier to make money.
I hope that this time the safer direction proves to be the right one.
Regrettably, the AI analysis report predicts the opposite direction to mine.
