(8/7, Sun) btc fell -1.5% heading towards 100MA on the 4hr chart

Yesterday(8/6 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $23302, its lowest as $22905, its highest as $23347, its closing as $22953. Bitcoin peaked 45 minutes after the start of Saturday, then declined weakly and then continued to move sideways before reaching a low at 23:30 and closing -1.5% down.

Looking at the 4hr chart, Bitcoin, which was close to 50MA the day before, fell again and headed towards 100MA, but it is fortunate that the trading volume decreased. And on the daily chart, Bitcoin, which showed an expectation of further upside after adjusting from the previous day's N-shaped uptrend, fell again and extended the number of adjustment days by one more day, and it is correct to say that the upward trend is still alive.

There is news in the crypto industry, it is said that if Ethereum change its mining method through the upcoming merge upgrade, miners who mine Ethereum in the existing method do dispose of the mining machine as it is, but use it for Ethereum Classic mining or create a new crypto called ETHPOW by hard forking Ethereum.

For this reason, Ethereum classic has recently risen sharply, and there are opinions that support or oppose the Ethereum hard fork. Perhaps the current Ethereum miners would support the second method, because it is most advantageous to use the current mining machine as it is.