May 21 BTC/SOL Market Analysis - A big move is coming, and the new high for Bitcoin is just around the corner!

Yesterday's market once again confirmed the title of our analysis - Bitcoin is fluctuating upwards. The two support levels we provided are 104700 and 103800, with the second level missing by just 300 points. SOL reached our support level of 164 and started to rebound, but the momentum is not strong. So currently, the market has once again surged to 107000, is this the new high?
Let's take a look at today's market. In the moving average trend, with the golden cross of MA120 and MA50 pointing upwards, the coin price approached EMA15 again yesterday to gain upward support. Moreover, the upward movement of MA50 has already emerged, and yesterday's bullish candle has completely engulfed the previous bearish candles. Therefore, in the current market, there is no sign of exhaustion in the upward trend, and the next step is to challenge the previous high.
In terms of MFI and CCI, there hasn't been much change in the trend of MFI. The CCI is approaching 100 again, which means that the market's next move is just a matter of waiting. So for now, we just need to wait for the market to rise again. At least here, looking at a sharp decline and wanting to short heavily is an act against the trend!
In the short-term intraday trend of Bitcoin, the short-term support is at 105700 and 105300. The resistance above is at 107800 and 110400. If there is a pullback opportunity, try to find the support below to go long.
The intraday short-term trend of SOL has been relatively weak recently, with a downward trend line suppressing it on the 1-hour chart. It is unlikely to strengthen before breaking through. Support is at 166 and 163 below. Resistance remains at 174 and 177 above.
In summary, the days of challenging new highs are not far from us. For now, it's still a matter of waiting for the new highs by going long.#BTC Breaks Above $107,000 #BTC Futures Open Interest Hits Record High #SEC Delays SOL ETF Decision