$BTC
Time Frame 1h
📄 Commentary for Traders
⭕ Bitcoin at the formed VaL during July at 106609, and it is clear from the price chart that regaining movement above this level opens up the opportunity to test the previous peak, knowing that the selling range and orders are clustered between 117918 - 119507
⭕ The nearest support range after the recent rise is 115635 - 114706
◀️ This range is important to maintain upward momentum; if broken, it is necessary to monitor 113063. Losing this will push Bitcoin to gather additional liquidity and momentum from below 112000 again, as happened at the beginning of this month