BTC update for September 05, 2023 - Support level on the test

Technical analysis:

BTC/USD has been trading sideways at the price of $25.700 and I see potential for the rejection of the support or the breakout to the downside.

In case of the rejection of the support at $25.700, I see potential for the rally towards upside reference at $26.300

In case of the downside breakout of the support at $25.700, I see potential for the further drop towards downside references at $24.750 and $24.000