BTC update for September 01, 2023 - Key support on the test

Technical analysis:

BTC/USD has been trading downside yesterday and the market did back into the trading range and the support at the price of $25.700

In case of the rejection of the support at the price of $25.700, there is the chance for the rally towards upside reference at $26.750

In case of the downside breakout of the support at the price of $25.700, there is the chance for the further drop towards $24.650