$BTC 9 August 8th Market Update:
The potential trend mentioned yesterday has been realized—on the 4-hour timeframe, price has effectively broken below 79.3k and is probing lower toward 78k. For now, continue holding the short position because 78k has not yet been precisely reached.
The next 4-hour support level is expected to be between 78k and 77.3k.
For a rebound to occur, the first step would be for the 4-hour timeframe to regain and stand above 79.3k.
Cryptocurrencies with high volatility this morning: VET, KAVA, COTI.
The potential trend mentioned yesterday has been realized—on the 4-hour timeframe, price has effectively broken below 79.3k and is probing lower toward 78k. For now, continue holding the short position because 78k has not yet been precisely reached.
The next 4-hour support level is expected to be between 78k and 77.3k.
For a rebound to occur, the first step would be for the 4-hour timeframe to regain and stand above 79.3k.
Cryptocurrencies with high volatility this morning: VET, KAVA, COTI.
