August bitcoin futures prices are lower and hit a three-week low in early U.S. trading Friday. Bears have gained some near-term technical momentum and are now working on a price downtrend on the daily bar chart. Bulls so still have the slight overall near-term technical advantage. See the important near-term technical support and resistance lines on the chart. Wyckoff’s Market Rating: 5.5 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish). (full story)