$BTC Update
As updated before, Bitcoin is making lower high and lower lows since March 15th 2024 which has become a bearish trend
On August 5th, Bitcoin retested 49k$ which the ETF listing price and from there we can see a reversal in this trend of LH LL.
Price pumped to 62.7k$ after that bottom of 49k$. Then we made our first higher low at 56k$, to confirm it's a higher low we needed to break 62.7k$ and make a new high as higher high which it did and made a higher high at 65k$. Now this dump to 58k$ could be seen as higher low and next we could make a new high above 65k$. For now, 56k$ shouldn't be broken and that's an important support
Also remember, we have rate cut confirmed on 18th September FOMC and the market isn't priced in yet so next few days we can see some rally for new higher high before FOMC event.
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