The recent movement of the Bitcoin market has been eye-catching. From the daily level, after four consecutive days of decline, Bitcoin has bottomed out and rebounded due to external factors. The price is bouncing off the lower support level and is trying to break through the midline position. However, the bullish forces are meeting resistance at the midline and a pullback correction is likely in the near term. It is worth noting that due to the rapid and large rise in the early stage, it is not yet possible to conclude that the bulls have completely controlled the situation, and the overall trend is characterized by a wide range of shocks.

From the 4-hour timeframe, the market has experienced a rebound after a wave of bottoming out and has continuously pumped, recovering some lost ground. However, the rise has slowed near the resistance level above. For future operations, it is recommended to adopt a range trading approach, closely monitor the pullback magnitude, and consider going long at appropriate positions.

The specific operational suggestions are as follows: On Tuesday afternoon to evening, if Bitcoin pulls back to the range of 104000-104500, consider establishing long positions, with an initial target to focus on the range of 106000-106500. At the same time, if Ethereum pulls back to around 2350, consider going long as well, with the target level initially focusing on the range of 2450-2490.

It is worth mentioning that the current market is in a stage of intense competition between long positions and short positions. Investors need to remain calm, closely monitor market changes, and manage risks appropriately. In addition, attention should also be paid to the potential impact of external factors such as the macroeconomic environment and regulatory policies on the cryptocurrency market, in order to make more comprehensive and accurate judgments.