Sometimes its nice to look at things from different angel to understand whats happening. Check out the Chart for BTCUSD and let me know what you think.
Comment:
looks like this played out very well, we will test the 76 to 7800 and decide from there how the market wants to go. if we break 8200 we are that will be a huge reversal from the downtrend. there is also a chance we rally all the way to August 10th and sell the news.