PROMINENT TRADER: IF THE BTC FALLS BY $60,000, THEN IN AUGUST OR FURTHER DOWN TO $57,000

On 14 August, a well-known trader, Killa, wrote that Bitcoin was continuing to decline until 14 August and that the key now was to continue to maintain the existing zone and hold it above $60,000. In its view, if the BTC could still convulse above $60,000, it could form a stage low near the current price area. On the other hand, if the BTC falls by $60,000 and fails to maintain the current compartment, the possibility of continuing the downsliding for the remainder of August will significantly increase. If it falls from its current position of $60,000, then then or further down to less than $57,000. On the contrary, it is expected that Bitcoin will be able to rebound in the rest of August if the BTC can maintain the structure after 14 days and reposition itself above $61,000 to $62,000。