#BTC

- A semblance of calm returned to markets as investors looked for bargains after Monday’s dramatic selloff that capped a three-week, $6.4 trillion retreat in equities globally.
- Futures on the S&P 500 signaled a rebound may be in store after the benchmark sank to the brink of a technical correction on Monday.
- Japan’s two key share gauges both jumped more than 9% at the close, after tumbling 12% the day before, while a regional gauge halted a three-day decline.
- Traders are catching their breath following a day in which almost every risk asset was sold amid growing concern about a US recession, extreme valuations in the technology sector, and a surging yen that sparked an unwind of carry trades.
- Concerns of an abrupt downturn were somewhat allayed by numbers Monday showing the US services sector expanded in July, after the worst contraction in four years a month earlier.
- The Nikkei 225 futures circuit breaker was triggered before the market opened as Monday’s savage selloff was deemed overdone.

➡️The price of #bitcoin☀️ has made a bearish breakout, with daily confirmation.
The $57,000 zone has been reached, as mentioned in my previous analysis. It's now in a short-term correction phase. It could correct downwards again, as there are 2 major resistances to break again: $58,000 and $59,800, as well as the downtrend⚠️

#BTC☀ #bitcoin☀️ #Bitcoin❗ #Market_Update