Bitcoin is consolidating in a symmetrical triangle for four hours.

The value of Bitcoin rose at the beginning of last week, touching a range of 120,000 to 123,000 USD before being rejected near the 78.6% Fibonacci extension level. Since then, it has formed a symmetrical triangle pattern on the four-hour chart, which is a traditional consolidation pattern preceding any major breakouts.

The volume accumulates at the peak of the triangle, and can be observed through the fixed volume profile, indicating an aggressive stance before a potential breakout.
Technologies to watch:'

The measured movement ( upwards ) : 126,000 USD

The measured movement ( downwards ): 110,000 USD
Required refund: All-time high at $122,960
CME gap: $114,400 - $115,600
High volume node: ~61.8% Fibonacci, overlapping with $110,000 - $111,000
The fixed VWAP indicator from its lowest levels in June aligns with the support level of 110,000 dollars.
If the price rises, it will not be enough to break the all-time high; it must remain firmly above $122,960 to avoid any further attempts at fraud.

If the price drops down, the most logical path is:

Filling the gap in continuing medical education.
Descend to the 110,000 - 111,000 area, where there is strong historical support and a volume structure that meets the volume-weighted average price (VWAP).
Testing the level of 110,000 dollars again and holding it may actually be bullish in the medium term, paving the way for the next phase.