Technical analysis by QuantumDivergence about Symbol BTC on 8/4/2023

We have several times found support at the 4hr 400 EMA. This level has held well so far, and we now have a positive Schaff Trendcatcher signal as well as a hidden bullish divergence. These tend to result in a bullish divergence being confirmed on a lower timeframe, which means we may see more dipping. It is also not impossible at this point in this market for DXY to ramp back up and squeeze us down past support. This is a very important time in these markets right now.