Recently, the price movement of Bitcoin has attracted widespread follow in the market. From a technical perspective, BTC has completed a healthy pullback, accurately touching the May high. This pullback is often seen as a positive signal of market self-correction.

However, from a more macro perspective of the weekly channel analysis, the current market shows more than half of the likelihood presenting a third type of price movement. In this case, future trends will become more complex and difficult to predict.

The coming week will be crucial. If a bullish engulfing candle can form, the bullish trend is expected to continue, and it may even push towards the overbought range of $140,000. However, if the market falls into prolonged oscillation, or even consolidates or pulls back to September, this may indicate that the current bull market is nearing its end.

It is worth noting that the current market environment is closely related to monetary policy. Expectations of interest rate cuts are generally seen as a positive factor, but as the actual rate cut approaches, its impact may turn negative. Especially against the backdrop of the current non-farm employment data, the act of cutting interest rates itself may have already become a negative signal.

This phenomenon reflects the subtle changes in market psychology. When a certain expectation has not yet been realized, the market often generates unrest and anticipation; once the expectation is fulfilled, the market may instead lose momentum and fall into complacency.

Overall, the Bitcoin market is at a critical turning point. Investors need to closely follow technical indicators, macroeconomic data, and policy trends to make informed investment decisions.