From the current market perspective, after a four-day adjustment of bearish candles at the daily level for Bitcoin, influenced by news, the daily chart has rebounded after hitting a low. It is supported at the lower band and is contesting the middle band. In the short term, bulls may face resistance at the middle band, with expectations for a pullback correction. Since the bullish surge has been rapid and substantial, a definitive conclusion on the return of bulls is not yet drawn, and the trend appears to be wide-ranging and choppy. At the four-hour level, after a dip, there has been a series of bullish candles reclaiming losses, slowing down near the upper band. In future operations, it is advisable to adopt a range-bound approach, first observing the extent of the pullback before entering long positions.
Trading Suggestions:
On Tuesday afternoon to evening, buying Bitcoin on a pullback to 104000-104500 is recommended, with an initial target of 106000-106500.
Buying Ethereum near 2350 on a pullback is recommended, with an initial target of 2450-2490.
