Last night, Bitcoin continued to dip before rebounding. After reaching a low of 92267, bulls began to rebound at midnight, and this morning it has recovered to a high point of 95146. Ethereum dipped to 1742 last night, and after a slow recovery by the bulls at midnight, it has now recovered to 1806 this morning. Overall, the bulls are still performing strongly, and the pullback space is limited as expected.
On the daily level, Bitcoin's daily chart continues to show positive closes, successfully turning positive this morning. The Bollinger Bands are starting to enter a contraction phase with little change in the range, and the price remains fluctuating within a small range. While the shorter cycles are relatively strong, the bullish momentum is insufficient, creating a buildup rhythm. However, on the 4-hour level, we are entering a correction phase, and the rhythm will fluctuate back and forth. The approach of taking one step back and looking back is not a strong one-sided trend. It is accompanied by consolidation and pullback before gradually rising. Currently, for the bulls to break upward again, a consolidation and correction must occur first to gather enough momentum. Therefore, for operations on Tuesday, the focus remains on buying on pullbacks, looking to see the pullback before entering long positions.
On Tuesday morning, Bitcoin can be bought around the pullback near 94000, with a target of 95800.
Ethereum can be bought near the pullback around 1750-1760, with an initial target of 1850.