Snowball Daily Market Update -
Bitcoin continued to fall yesterday, rebounding from $59,800, a price area that Snowball mentioned as a retest on August 2. Today's weekly close is very important. If it closes at the current price, it will become the largest negative line since the FTX crash in November 2022. Ideally, we would like to see BTC close back above $61,400 today to hold the weekly support level. Close below this and it may fall again. Be careful on the weekly close and Asian open - if the Nikkei looks weak, then this may affect BTC again.