$BTC A Bearish Engulfing candle (pictured is the candle with a yellow x on top) is a strong bearish signal. This candle appears when the red candle body completely covers the previous green candle, showing overwhelming selling pressure. The long tail (drained wick) shows that the buyers initially tried to push the price up but failed.

Upcoming Trend:

• Bearish: With this pattern, BTC is likely to continue falling. The nearest support level could be $59,000 this week, if broken, it could fall further to $55,000 next week.

• Short-term recovery: If there is positive news such as low CPI, BTC could recover to $63,000, but it will still be difficult to overcome the resistance level of $65,000 due to strong selling pressure.