Yesterday, BTC formed a bearish engulfing pattern on the daily chart at #BTC走势分析 . It approached the support level of 12000 in the 1-hour Vegas channel and the daily support level, and then it bounced back up. Historically, the Vegas channel is indeed a relatively good technical indicator. The volume indicates a strong push upwards, and it is estimated that in the coming days, it will likely continue to move in a sideways pattern. Currently, I recommend focusing on buying the dips throughout the day, as the daily chart has also closed upwards, indicating that the bulls are still very strong. The current 4-hour support is around 104000, which is a position to consider for adding a long position.