May 7 BTC/SOL Operational Analysis - Precise Long Positions at Bitcoin 936 and SOL 141, Where Can We Still Chase?

Yesterday's market directly broke through the box range of 93-95 that we mentioned in our analysis. The two support levels we provided yesterday were 836 for Bitcoin and 141 for SOL. Last night, it dropped to these two levels and started to rebound. This morning, Bitcoin rose to 977 and began to pull back, while SOL rose to 149 and also started to pull back. The precise point predictions from the department head have indeed been consistently accurate.

Let's take a look at today's market. The news from yesterday led to a 4000-point increase. Can we kickstart the market moving forward? Firstly, on the moving averages, yesterday the EMA15 once again provided support for the market, and the MA50 does not show signs of flattening. Therefore, the current market is still relatively strong. Let's take another look at the moving averages on the weekly chart. What we need to pay attention to is that we have now entered the previous consolidation range of 9.5-10.5. If we break through here again, it will trigger the next wave of a bull market.

In terms of the MFI and CCI, the MFI is still in adjustment, while the CCI is close to 100 again. This trend tells us to pay attention to the arrival of the next wave of bullish momentum. The incremental volume on the OBV has not deteriorated, and the moving averages do not show signs of flattening. Therefore, the violent drop that the bears are anticipating is not likely to happen easily in the current market.

In the short-term intraday movement of Bitcoin, support is at 954 and 948, with resistance above at 984. As long as it does not break below 948, we can expect further rebounds. Just pay attention to whether there will be a pullback at 984 above.

In the short-term intraday movement of SOL, support is at 144 and 142.4. As long as it does not break below 144, we can expect further rebounds. For short positions above, just pay attention to the level at 155.

In summary, the daily market, after breaking through the box range, remains strong. As for the choice to go long, try to wait for key positions to act, as the influence of news may lead to unpredictable fluctuations in the market. Either do not move, or manage your stop-loss well.