Update: Bitcoin bounced from the support zone and the 4-hour | CryptoQuant Alert

Update:

Bitcoin bounced from the support zone and the 4-hour candle closed above it. Bitcoin is now trading at the $39,300-$39,400 support zone and need to hold above it in 4-hour chart to give a retest to resistance area of $40,500-$41,000. If BTC unable to hold the $39,300-$39,400 support then we will see a retest of lower support zones.