$BTC

– Expected weekly close (candle at the end of Sunday 24/8)

The likely scenario:

With the momentum declining and strong resistance at 117400, it is likely that the week will close within the range of 115300–116100

with a weekly candle having a long upper shadow indicating 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 greater than the average by at least 30%, 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 pullback towards 111700–112000 is considered a medium-term buying opportunity

with a stop below $110400.

• For day traders:

trade 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 indecision at resistance, paving the way for a sideways oscillation session during the next week before

taking a new direction.