5.28 BTC/SOL Market Analysis - No Need to Fear Heights, Victory Will Ultimately Belong to the Bulls.
Yesterday's market trend saw Bitcoin and SOL rise before falling back. The two long positions we provided on Monday were also opened yesterday morning. The long positions for Bitcoin at 108000 and SOL around 172 both reached our profit targets. In recent days, the daily chart has been sideways, causing many people to fear heights again and lose patience. Fearing heights is correct, and losing patience is also correct; the purpose has been achieved by the market makers.
Let's take a look at today's market. First, on the moving averages, the support from EMA15 has repeatedly played a role in the market, and it is currently moving upward very smoothly. There are still no signs of decline in the upward trend of MA50. The probability of an upward oscillation will be greater until a real strong bullish candle is formed, at which point countless retail investors will regret missing out! A real strong bullish candle is expected to occur within this week, and before that, it’s about preparing for the ambush.