Bitcoin is being driven by news, and other cryptocurrencies are rising. Bitcoin has not reacted much. The bullish engulfing pattern that has appeared recently should show signs of reversal and weakness, with a divergence between volume and price;
The market has not effectively broken through, and the current MACD bearish trend is continuously shrinking. As long as the market can hold below 120,000 during the day, there is a high probability it will test lower again!
Personal trading suggestion: Enter short positions near the two levels of 120,000—120,500 on the rebound, with targets at 118,000, 116,800, and 115,000! $BTC