Cryptocurrency Bitcoin Chart Update August 1, 2021

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Chart update as of August 1, 2021.
Bitcoin support held at 30,200 last week.
Bitcoin rebounded to the 41,000 level which is significant overhead résistance, as well as a 38.2 Fibonacci retracement level as of the close on Friday, July 30, 2021.
Weekend trading has witnessed prices breaking above the 41,000 level which has now become support.
Monday's session may determine if the 41,000 level will continue to provide support to entice buyers to push prices higher, or if broken, prices may decline quickly as new stop-loss orders are triggered and out-of-the-money sold puts become in-the -money.