Technical analysis by SunnyRainPo about Symbol BTC on 8/8/2024

Will Bitcoin close above the 200 daily ma. It's really all I care about right now in the crypto markets. 🫣 So I will say. This capitulation and bounce looks strong. But that has fooled me before. Though I want to say this time looks different. I mean it felt a little black swan-y. Maybe there's more capitulation. But I think it's over? More chop is probable though. I still think lower lows are in question too. Just watching the weekly close and 200 ma and how Bitcoin reacts now.