2025-8-16 BTC Analysis:

Daily Level: The daily chart of Bitcoin has formed a bearish engulfing pattern, signaling the first signs of a downturn. Therefore, for a period of time, it will likely enter a consolidation phase.

From the previous market trend, Bitcoin also exhibited a consolidation phase after forming an engulfing pattern, so it would not be surprising if Bitcoin experiences back-and-forth fluctuations moving forward.

There is a key support level in the range of 1157-1151. If this level is touched for the first time, there is a high probability of a rebound. However, if a higher high is not established after the rebound, it will signal a second downturn, which would also serve as a second shorting opportunity.

4H Level: At the four-hour level, there are two support points. The first is the Fibonacci level of 0.618, and the second is the W pattern breakout that has switched positions around 1157. Therefore, I will consider going long around the 1157 area moving forward, #BTC