Bitcoin Tuesday Market Analysis

Bitcoin adjusted during the day after reaching a new high early Tuesday morning, encountering a short squeeze downwards, but support levels are rising.

The US stock market opened in the evening, with bulls pushing through $107,000 to create a new high.

After the pullback, there has been a rebound with an increasing slope of the rise, and this week it is expected to reach the $108,000 - $110,000 range.

The key this week is the Federal Reserve's interest rate decision early Thursday morning, with the market expecting a 25 basis point cut, and potentially slowing or stopping thereafter, which is beneficial for cryptocurrencies and Bitcoin's upward movement.

On the technical side, the four-hour chart shows a strong bullish candle; if it breaks through the resistance level, trading volume will expand, and a pullback will be a buying opportunity. If there is no pullback, hold the long position, and if it directly rises during the day, the main strategy is to be bullish.

Morning operations: Buy Bitcoin around $105,000 - $105,500, target $109,000 - $110,000;

Buy Ethereum around $3,900 - $3,950, target $4,100 - $4,200.

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