According to BlockBeats, on September 4th, renowned crypto analyst Rekt Capital stated that Bitcoin has successfully retested the macro downtrend line as support. This trend line highly coincides with the high point of April-May 2026, and the current price level indicates that the retest has been initially effective.
Rekt Capital also stated that to avoid a reversal to a downtrend, BTC needs to prevent the monthly close from falling below the downtrend line (approximately $761.87 million), otherwise it may form an upper shadow, weakening its breakout potential.