BTC/USD Narrow Range After 29399: Sally Ho’s Technical Analysis – 5 August 2023
Bitcoin (BTC/USD) remained in a narrow range early in the Asian session as the pair continued to orbit the 29164 area, a downside price objective related to recent selling pressure around the 30350.70 and 29686.41 areas. Bears kept BTC/USD below the 29399.97 area during a move higher that represented a test of a previous downside price objective related to selling pressure around the 30421 and 29851 levels. Minor buying pressure emerged around the 29083.19 area, right around a previous upside price objective associated with buying pressure around the 28850 area. Additional downside price objectives linked to recent selling pressure include the 28432, 27979, 27409, 27246, and 26501 levels. Below the market, additional downside price objectives include the 28213, 28137, 27757, 27430, 27338, 27312, 26348, and 26199 levels. Also, the 28095.44 area represents the 23.6% retracement of the hist
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