After reaching the bottom at $465 in the beginning of August BTCUSD
formed a strong support marked with orange rectangle
. It is difficult to say if the correction that started last night is over but until the price stays above $567 my preferred scenario is bullish
with expectation for test of $650-$680 area. Only a breakdown below $564 will urge me to reassess any bearish
perspective but for the moment i consider this scenario as low probability.