$BTC
– Expected weekly close (candle at the end of the day Sunday 24/8)
Scenario
Likely:
With the decline of $BTC
momentum and strong resistance at 117400, it is likely that the week will close within the range 115300–116100,
indicating a weekly candle with a long upper shadow suggesting selling pressure at higher levels.
The second
possibility (less likely): a sharp breakout above 117400 with strong volume pushing the close near 118000–118500,
but it requires a breakout with trading volume at least 30% above the average, which we
have not seen so far.
– Risk advice
• Any negative breakout
below 114500 will retest 113000–111700.
• The overall
trend is still bullish, so any decline towards 111700–112000 is considered a medium-term buying opportunity
with a stop below $110400.
• For the
scalper: trading between 114500–117200 until the picture becomes clearer.
Expected
weekly close: 115800± 300 $ with the possibility of forming a weekly "doji" or "pin-bar" candle indicating
market hesitation at resistance, paving the way for a sideways fluctuation session during the next week before
taking a new direction.
