Bitcoin Tuesday Trend Analysis

Bitcoin adjusted during the day after reaching a new high in the early hours of Tuesday, encountering a short-squeeze downtrend but with rising support levels.

As the U.S. stock market opened in the evening, bulls pushed through $107,000, setting another new high.

After a pullback, the upward slope increased, and it is expected to reach the $108,000 - $110,000 range this week.

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 a potential slowdown or halt thereafter, which is favorable for cryptocurrencies and Bitcoin's upward movement.

From a technical perspective, the four-hour chart shows strong bullish momentum with a breakout above resistance levels that will increase trading volume. A pullback presents a buying opportunity; if there is no pullback, maintain a bullish position. If there is a direct rise during the day, the main strategy is bullish.

Morning Operations: Go long around 105,000 - 105,500 for Bitcoin, targeting 109,000 - 110,000;

For Ethereum, go long around 3,900 - 3,950, targeting 4,100 - 4,200.

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