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2026.5.6$BTC $ETH $SOL Intraday Market Trend Analysis
Brothers, good afternoon. Bitcoin is moving in a single direction. Shorting is like being a dog; the profits are not big, and you can only take a small bite of the big cake. Currently, taking a long position at this level is also not very strategic—either short-term longs or wait for support to be safer.
Currently, from the weekly chart perspective, I think this wave of the weekly cycle is almost complete and should be heading for a correction. Let’s see if there’s a chance to test around 83,845 to get in.
Today’s market analysis: Bitcoin is now consolidating at the top. It depends on whether the previous high of 817 can be broken. If broken, it could go up to 830, 845, 865—short at these levels.
If it cannot break through, then wait for a pullback to around 806. As long as it doesn’t break here, the bulls are still in control. If it breaks below, then look for long opportunities at 795, 781, 765.
Second coin, pay attention to 2353 today. If it doesn’t break below, it will still rebound. Going up to around 2423, 2458—short near these levels.
If it breaks below 2353, then look for long opportunities around 2325, 2296, 2265.
Solana (SOL) is around 85.3. If it doesn’t break below, it will rebound. Going up to around 90.7, 92.9, 95—short near these levels.
If it breaks below 85.3 today, then wait for long opportunities around 83.2, 81.3, 79.