Market update-
After Bitcoin broke out from the 4hr downtrend (orange trendline), we can see that it rejected exactly from $65.4k (Weekly Open). Since this, the price has retraced back inside the previous downtrend, confirming deviation, and back to $65.3k (Monday Low).
At the time of writing, $63.5k is holding as support. We could look to take an entry here in anticipation of the Monday Low holding and look for a push higher. There would be easy invalidation on this idea- acceptance below $63.5k on the 4hr time frame.
I personally still have interest in lower areas, as per my limit idea, which remains valid.
July 31, 2026 1.9K 6
