Overnight, the Bitcoin market halted its rebound after touching the 100688 line, and is currently consolidating around 102000. From a technical structure perspective, the larger structure has not changed; the price is still operating above previous highs. This pullback is more of a technical correction within an upward trend, and the bullish dominance remains unchanged.

However, it is worth noting that if the bears extend their downward movement and break below the early morning low, the price may return below the 100,000 mark, posing a risk of further weakening and continued pullback in the short term!

In the short term, the MACD histogram at the 4-hour level continues to show negative values, and the fast and slow lines are in a downward trend, indicating weak short-term momentum. Both EMA7 and EMA30 have been breached. Overall, the trend appears bearish on the 4-hour chart, with a key focus on the 100,000 mark. If it can hold above, this round of pullback may end, and the bulls will welcome a counterattack!

On Tuesday afternoon, for major coins, buy in the 101000-101500 area, with resistance around 103500. For Ethereum, buy near 2440, with resistance around 2550.