#Bitcoin Update on Tuesday 06.08.2024 A.O.A And Good Morning.

#Bitcoin Update on Tuesday 06.08.2024
A.O.A And Good Morning to All Brothers and Sisters.

#Bitcoin Dropped Down After Global Market Dump. But price Is Stopped By The Support.W(Arrow#4). And This Is The Point Where Bitcoin Complete the Retracement on Weekly Time Frame.

What's Next?

Scenario#1
Price Can Break our Resistance and Bounce back From Here. And This Will Be Very Stable and Healthy Uptrend. And We Can Reach out Target 80K Easly.

Scenario#2.
Price Drop More From Here and We Can start Downtrend/Long Range From Here. The Most Important Point to Follow Are Arrow#3,#4 and #6.. Breakout Of These Levels Gives Us The Confirmation of Scenario#2.

#ALTS
I still Wait The Confirmation of Breakout of Two Resistances(Blue Lines). And Then We Start Looking For New Buy Trades.

I Wish You all Very Nice Day