MARKET UPDATE- 👀

After Bitcoin lost $80.7k (Monday High) as support on the 4hr chart, we quickly saw the move to retest the $79k area as expected. We can see that the 4hr support now is $79.5k (Prev Week High) with each of the last 4 candles testing and holding above this.

I still do not rule out a retest closer to $78.5k, where we have the Weekly Open and significant demand from last weekend's price action. I would expect this before new local highs, but a 4hr reclaim of $80.7k would renew the bullish momentum.

$BTC

BTC
BTCUSDT
80,758.3
+0.59%

$BNB

BNB
BNB
651.21
+0.01%

$XRP

XRP
XRP
1.4246
+0.37%

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