In yesterday's market, Bitcoin dropped to 101600, which we mentioned in our analysis, and then rebounded to around 104000 this morning. Currently, the market is again very close to rebounding after the EMA15. The turning point on the daily chart should be very near!
Let's take a look at today's market. First, regarding moving averages, yesterday's drop was very close to the EMA15, proving that there is still a support effect here, and the adjustment on the daily chart is approaching its end. In another 3-5 days, we should see a golden cross between MA120 and MA50. So the new turning point is getting closer to us, which is something to pay attention to recently!
In terms of MFI and CCI, although the MFI shows a downward trend, we see that the CCI trend has not deteriorated. Currently, it is illogical to look for shorts based on CCI's position. Therefore, we can only look for bullish trends moving forward. The recent plan remains focused on buying at the bottom.
In the short-term trend of Bitcoin today, support is at 102400 and 101600. A good buying position is still at 100100.
In the short-term trend of SOL today, just look for support at 168 and 165. Our defined buying position is still at 163.
In summary, the turning point is very near, presenting a significant opportunity here; we will wait for the market to perform!
