Market update-
Bitcoin has broken out from the 2 week long 4hr downtrend and also has 4hr acceptance above $64k (Monday High). So far there has been no strong follow through from this level, but equally every 4hr close has maintained $64k as new 4hr support.
There is an opportunity to try a long from this level, because as long as the Monday High is held as support then we could see BTC push towards $65k and $65.8k. Invalidation could be acceptance back below $64k on the 4hr chart, where I would then be looking for a reaction around $64.5k first.
August 5, 2026 2.2K 6
