#btc August 4th Thoughts
Last week, influenced by news and macroeconomic data, the market broke the high-level fluctuations in the 116500-120000 range, dropping to around 111800 before starting to rebound. Currently, the coin price is fluctuating around 114000.
Today, the short-term support below is focused around 113200-112500, with strong support near the integer level of 110000.
The short-term resistance above is referenced around 115800-116500. Currently, the overall range has shifted downward, with previous support turning into resistance. Strong resistance is still focused around 118500.
