Update $BTC on August 3

The 1-hour candle closed at 112.5 - below ema50 (112.8) confirms the break of the support level! The price trend may adjust deeper according to scenario 2!

However, with the continuous selling without adjustment, the RSI is currently quite oversold, making a correction necessary.

Prediction:

1. Increase to 114.5 - 115.000 and then drop again

2. Decrease to 111.300 (EMA9 1W) and then bounce back up

Hitting those 2 points, look for long and short opportunities!