Bitcoin and Solana Face Pressure as Market Turns Cautious

Popular crypto analyst Il Capo of Crypto has issued a cautionary outlook for the digital asset market, warning of deeper corrections ahead as macroeconomic pressures return to the spotlight.

Following renewed concerns over U.S. tariffs, Bitcoin’s price has slipped from recent highs near $109,000 to around $104,000. In response, Il Capo revealed on May 28 that he has increased his short positions, signaling expectations of a more pronounced pullback.

Despite Bitcoin still trading near its all-time high, the analyst believes the top cryptocurrency is likely to decline further in the coming days.

Turning to altcoins, Il Capo offered a particularly bearish view on Solana (SOL). He noted that the asset faced rejection in the $170–$200 zone—an area he had previously identified as resistance.

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According to his analysis, Solana’s current support has been tested too frequently and may no longer hold. In a potential capitulation scenario, he sees SOL plunging into the $60–$80 range.

With both Bitcoin and Solana showing signs of exhaustion near key levels, Il Capo’s latest remarks highlight the growing caution among traders navigating a market increasingly influenced by global economic tensions.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.