August 4 Market Update:

Bitcoin has continued to rise after re-testing $112,000 over the weekend, with early signs showing support at $114,000 (weekly opening price). We have consistently emphasized the importance of reclaiming $115,000 on the 4-hour time frame, but below this level, Bitcoin faces a significant resistance at $114,700, which is the current 4-hour EMA200. The last four candles have been blocked at this level, forming a narrow range between $114,000 and $114,700. For now, I will wait for the range development on Monday, paying attention to whether we can break through $115,000 or sweep the recent lows again.

The cryptocurrencies showing volatility this morning: INJ, ETH, XMR.