Currently, 56019415238 has just formed a bullish engulfing pattern on the weekly chart. This pattern typically indicates that there is still upward momentum. Are you telling me there is no upward trend? According to the current technical analysis, it is highly likely to test the descending trend line of the 3-day moving average, which is around 109300-109600. If lucky, in extreme market conditions, it could reach 110400. However, the higher it goes, the heavier the selling pressure will be, as this wave is a daily level V-shaped reversal.

Tomorrow marks the end of the monthly and quarterly charts. Based on historical patterns and technical needs, there is a high probability for a subsequent pullback adjustment. The first support level to watch is the CME gap at 107000. If it rebounds after a pullback but fails to break through 109500, it might need to test lower levels at 106300 or even 105300.

Many people are still asking if the bull market has ended. If you are trading Bitcoin, then the bull market trend is not over. What about the altcoins? (Let's not talk about past years, just last year, what was the price? Answer me!)

Now, on the daily chart, the key resistance levels to watch are around 109300-109600 and 110500. For pullback support, first watch around 107000; if it breaks that level, then look downwards.