▪️The hourly candle will not close above the 0.5 Fib ($58.485) resistance, forming a partial negative structure. To turn positive, it will definitely need to rise above $58.788 and then close the 4-hour candle above the red box.
▪️If $59,000 - $59,500 is gained; the short term resistance ($59,824) will be the key price in our target. A real positive structure emerges above this price!
▪️The movement below the grey box supports the downtrend, the previous price of $57,100 was broken and the bottom is expected. In the process, the liquidation area, the buyer area of $56,000 - $53,000, should be followed.
To summarize, BTC has positive momentum above 59824 and negative momentum below 57100. These are ideal levels to use the hedging mode but you should not proceed without setting a stop loss.
$BTC will form support-resistance interactions with this no-volume move and seek liquidity before the US stock market opens.
We need to catch good momentum between September 3rd and 10th, and the key prices ($60,900 - $61,700) must be technically obtained!
