#BTC is currently in a narrowing range, testing the upper diagonal line.
The level of 116500 is a strong support, the loss of which will take us to the EMA100 area, where there is also a global support line from the last minimum.
The likely scenario is to reach the end of the triangle by July 30, then descend into a correction in the 113k-115k area. A spike down to around 111k is also possible, but we should not drop below that in the near future.
If, by some miracle, the Fed lowers the rate in July, the market will explode and BTC will go to around 140k.