On May 15, according to CoinDesk's report, analyst Omkar Godbole released an analysis report stating that Bitcoin and the price chart of Strategy, the world's largest Bitcoin company holder, simultaneously showed a technical bullish signal. The daily chart reveals the 50-day moving average crossing above the 100-day moving average, forming a "golden cross". Analyst Omkar Godbole pointed out that this synchronized signal indicates that the short-term trend is surpassing the long-term trend, which may signal the beginning of a bull market's main wave.
However, on-chain data shows that whale market participants are turning cautious, with the current price encountering resistance in the range of $101,000 to $107,000, with a key support level at $98,000.
