#bitcoin

🟠 $BTC

⏰ 1h Chart

📄 The current price movement is within our most important range now, which is between 116413 - 119255

◀️ What is holding the price movement at this moment is the level 117251, which is the average price with trading volume since the rise from 107400

📄 It is important to note that losing 116413 will open the door for a correction to a larger range with requests + liquidity between 114988 - 113244, and there is also the level 114519, the average price with trading volume since the rise from 98115

⭕ The overall situation is a positive structure regardless of the extent of the correction, but the trader here must be cautious in how to deal with these fluctuations and know where liquidity is accumulating in the market

◀️ The actual recovery of the rise depends on two things:

1⃣ Recovering the movement from above 119255

2⃣ Bringing liquidity and requests from the support range below 116413 to gain momentum for the rise

⏰ The movement in the upcoming week will be important and will give us a preview of how the movement will be during September, especially since the news is conflicting between a reduction and stabilization of the interest rate on the US dollar, and also September marks the end of the third quarter of the year, after which we enter the most important period in the markets, which is the fourth and final quarter of 2025