Yesterday's market started to rise again from the 941 support level we analyzed, and after we fell asleep, it dropped from around 95400 to 93600 before starting to rise. Currently, the market cannot drop further, and the discussion will shift to the height of the rebound and where we can enter long positions.
For today’s market, we first look at the moving averages. The MA120 has already flattened out, and we are just one step away from a golden cross with the EMA15. It is logical to be bullish here; we just need a single bullish candle to break through on the daily chart, and then we will see a trend towards a peak, which means at least a market of 100,000. The sideways movement here will most likely start to change during the May Day period, so I hope everyone doesn’t miss out on this wave of the market.
Regarding the market on MFI and CCI, the MFI continues to maintain yesterday's strength. Although the daily chart closed bearish yesterday, there is no sign of decline from the MFI. This again indicates that the probability of a violent downward trend is still low, so we continue to look for positions to go long. The market on CCI remains around 100 today, and this trend tells us that a violent downturn will not come quickly, so we continue to be bullish.
The short-term intraday trend of Bitcoin focuses on support at 930 and 916, while the upper pressure remains at the congestion resistance levels of 962 and 976.
The short-term intraday trend of SOL shows upper congestion resistance at 151 and 154.5, and lower congestion support at 142 and 138.
In summary, it is expected that there will be a change in trend during the May Day period, with an upward breakout. Continuing to look for long positions is what we need to do in the next few days!$BTC $SOL #特朗普就职百日 #SEC推迟多个现货ETF审批
