May 6 BTC/SOL Operational Thought Analysis - Bitcoin continues to oscillate within the range, SOL focuses on the rebound at this position!

Dear B friends, long time no see, the section chief is back to analyze the market. First of all, we mentioned in the analysis on April 30th before the holiday that there would be a market change during May Day, with the direction moving upwards. In the analysis, we targeted Bitcoin at 93000 and SOL at 142 for long positions. Our community also took long positions at these two levels and received the May Day red envelope. However, the market looked quite poor on the 3rd and 4th, erasing the previous gains. Many people are confused again, what should we do next?

Let's look at today's market. On the daily chart, we have a top model shape, which tells us to pay attention to potential market pullbacks. However, on the moving averages, yesterday's support rebound was very close to the EMA15 level at 93500, so it is temporarily unlikely to drop below this level. On the 4-hour chart, it has returned to the previous range, and the MA120's trend is not changing much at the moment, so it will need to adjust sideways.

In terms of MFI and CCI, both are gradually declining, but since CCI has not yet broken below the zero line, we cannot be overly bearish. Let's see how these two days develop before making a judgment. In terms of OBV, the current trading volume is still consolidating, and it is still a bit early to be bearish.

In the short-term intraday trend of Bitcoin, first pay attention to support levels at 936 and 922, and resistance at 957. Currently, Bitcoin is oscillating within the range, and we need to watch whether the lower boundary of 934 will break; if it does, it may return to the 91000-93000 range.

In the short-term intraday trend of SOL, short-term support is at 141, with 4-hour support at 138. If there is a chance for it to drop to 138, there is still a possibility for a rebound. The rebound resistance levels are at 152 and 155.

In summary, the current market requires patience to wait and see if Bitcoin will break below the range. Before it breaks below the range, oscillations between 93-957 are quite normal, and rebounds at several key support levels above can still be traded.