Bitcoin completed its weekly close this morning, forming a bearish engulfing pattern on the weekly chart. No matter where the bearish candle engulfs the bullish candle, it often indicates that the bearish forces are prevailing in the short term, and the market is leaning towards a bearish outlook. This time, such a pattern appeared on the weekly chart, which makes the signal even more significant.

From a short-term perspective, Bitcoin is currently showing a rebound trend. For intraday trading, the key observation point is the resistance level in the range of 115000 - 115300: if the price can effectively break through this area, it is highly likely to continue testing the resistance around 116000 - 116500; conversely, if it fails to break through this resistance area throughout the day, the market may likely retreat again, leading to a second pullback. #加密市场反弹 $BTC