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August 3rd Morning Bitcoin Analysis
The price has been declining from the previous high of 68,524. Although there have been small rebounds along the way, the downward trend has not been reversed, and it finally dipped to a low of 66,850. Currently, it is trading within a narrow range of 67,200–67,400. While the bulls still have some support, the rebound is limited, and a clear upward trend has not yet formed.
Support level: Short-term support is at 66,500. If it breaks below and holds, the downside space opens up.
Resistance level: Short-term resistance is in the 67,200–67,500 range. A breakout could target 68,000.
Technical analysis is for reference only. Trading requires strict stop-loss settings.