Establish a long position when Bitcoin pulls backBitcoin / U.S. dollarBITSTAMP:BTCUSDViolet_Trading_StrategyMarket volatility over the weekend was minimal, with a period of sideways movement, leaving little room for maneuver. The momentum of both bulls and bears is weakening, preparing for the next wave of gains. At this stage, it's crucial to choose a direction. Only by positioning your strategy ahead of the market's opening can you reap the rewards first. Remember, the first wave of gains is always the most delicious and the best. From the daily K-line chart, Bitcoin's correction to the middle Bollinger Band hasn't continued downward, indicating that the middle band isn't a significant resistance level, but rather a support level. The pullback has clearly been insufficient, indicating that the previous pullback has been exhausted, selling pressure has waned, and a rebound trend is gradually emerging, suggesting that the daily K-line chart may be entering a phased rebound cycle. The four-hour technical indicator shows that the negative bars below the zero mark are primarily hollow and steadily decreasing, indicating a decline in bearish momentum. The indicator is steadily recovering toward the zero mark, reflecting a weakening of bearish momentum and a strengthening bullish trend, providing medium-term technical support for the rebound. The bullish trend is more pronounced on the hourly chart, with the market dominated by solid positive bars, indicating increased short-term buying. Technical indicators have formed a death cross and an upward divergence pattern, confirming an upward extension of the bullish trend and strong short-term rebound momentum. Multiple signals from daily and hourly charts indicate a weakening of bearish momentum and a resurgence of bullish sentiment, suggesting a continued rebound in the short term. Investing primarily on pullbacks is key to preparing for a market explosion. Trading Recommendations Initiate a bullish long position in the Bitcoin range of 117,100-116,800, targeting around 119,000. Initiate a bullish long position in the Ethereum range of 4410-4380, targeting around 4550.