Market Update - BY #REXBOX
The first 4 hour candle of August has seen Bitcoin losing the trading range it has been in for the past week. This is also a breakdown from the Monday Low in the same area so we can expect some resistance on a retest of $29.1k.
Good news for our short position which has taken a while to play out! We have seen a small reaction from the Previous Week Low so far, so $28.9k looks like some support for now.
Personally I am most interested in a test of the mid-low $28k level or a move to the Monday Low.
New month, let’s make it another great one 🤝
