BTC/USD Elevated Volatility Below 30000: Sally Ho’s Technical Analysis – 3 August 2023
Bitcoin (BTC/USD) continued to experience elevated volatility early in the Asian session as the pair was lifted from the 28552.42 level and reached the 30033 area before moving back below the 29400 area. Stops were recently elected below the 29089.49 and 28775.19 levels, downside price objectives associated with selling pressure around the 29851.28 area. Additional Stops were elected below the 28999, 28874, and 28672 areas during the acute selloff, downside price objectives related to recent selling pressure around the 29526 and 29344 levels. 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 historic depreciati
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