#牛市季来临 8.15 Evening market overview: BTC Daily line bearish engulfing

BTC opened the morning with a large bearish candle, forming a bearish engulfing pattern compared to yesterday, with intraday fluctuations trending downwards.

The 11.83 level acts as support and resistance, breaking through and stabilizing could indicate a bullish outlook; from the daily bearish engulfing structure, there is still a possibility of a pullback for Bitcoin, perhaps effective support will be found near 11.72. If it breaks below 11.63, it could trigger a significant pullback again.

Wait for a breakout above 11.83 and then a drop back to short in the direction of the trend, with a stop loss at 11.9 and targets of 11.75 and 11.66; conversely, consider a low buy near 11.72, with a stop loss at 11.63 and targets of 11.84 and 11.9; MACD shows signs of a golden cross; if 11.83 breaks and stabilizes, consider chasing a long position with a stop loss at 11.77 and targets of 11.9 and 12.03.

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