Brothers, I am the key. As soon as the market opened today, SOL gave everyone a warning, with the price wobbling and breaking below the key level of 160. Many fans asked me if we are going to crash? Should we run or add to our positions? Don't rush, let me clarify it for you from a financial analysis perspective.

1. Why did it drop today? The news hides a 'double agent'!

When looking at the news, you can't just look at the surface; these four pieces of breaking news today are actually both sides in a 'tug of war'!

The positive side (bullish forces):

Whales are hoarding! A major account withdrew over 100,000 SOL from the exchange today for staking, worth over 100 million RMB! What does this indicate? It shows that the big players are optimistic about SOL's future, believe the current price is bargain, and are withdrawing to lock in long-term gains rather than for short-term speculation. This is a long-term positive.

US ETFs are still buying like crazy! The US SOL spot ETF has seen six consecutive days of net inflows, totaling nearly $3 billion! This is real buying support, indicating that traditional large funds are entering the market.

Negative side (bearish strength):

The 'undefeated myth' whale is cutting losses! Pay attention to another piece of news, a previously undefeated whale is actually reducing its long position in SOL today, and is currently facing a floating loss of nearly $20 million! Even the '大神' is cutting positions and leaving the market, which undoubtedly splashes cold water on market sentiment and triggers panic selling from retail investors.

Zhiyau's view: Today's decline is mainly due to the news of the 'undefeated whale' cutting losses, which has damaged short-term market confidence. Although holding coins and ETF purchases long-term is a good thing, it can't quench immediate thirst, and short-term sentiment is dominated by bears.

Two, the technical aspect tells you how dangerous it is now!

Key level broken: The position at 160 was strong support before, but now that it has broken down, it has turned into strong resistance. The market is like climbing stairs, and we have already fallen from the step at 160.

Where is the next step? Look at the chart, the next solid step is near 145. The lower track of the Bollinger Bands is also around 150, so the area of 145-150 is the core support zone going forward.

MACD indicator: Currently, the dual lines are below the 0 axis, indicating that the bearish trend is still dominant, and no strong reversal signal has been seen temporarily.

So, why does Zhiyau continue to be bearish?

Because technically, after the effective breakdown of the support level at 160, the market has an inherent demand to search for the next support. Before the price strongly stands back above 160 (preferably breaking through the pressure level of 168), the short-term risks outweigh the opportunities, and the likelihood of testing the 145 support downwards is very high.

Three, what should retail investors do now? Remember these three points!

Don't panic, the more it is like this, the more calm you need to be!

Hold your horses, don't rush to bottom fish! When the knife falls, don't try to catch it with your hands. Wait until it stabilizes near the support level of 145 (for example, when a long lower shadow candlestick appears) before considering.

Positioning is key! If you already have positions, check if your positioning is too heavy. If it's too heavy, consider reducing a bit when it rebounds to around 160, taking control into your own hands. If your positions are light, just be patient and wait.

Focus on two key positions:

Resistance level above 168: Only by breaking through here with volume can the short-term bearish situation possibly be reversed, and we can be more optimistic.

Support level below 145: This is the lifeline. If it breaks down with volume, the next target might go to 140.

Brothers, the market is always changing. Will today's 'undefeated whale' cutting losses be a 'fake move'? Opportunities often quietly come when everyone is panicking. The real pledges of whales and the continuous inflow of ETFs.

When will this powerful bullish force erupt? Do you want to know my latest judgment as soon as possible? Do you want to know how to see through the 'fake moves' of the main forces, and be greedy when others are fearful? In Zhiyau Village, I will combine more advanced on-chain data to deeply reveal the true intentions of the whales and share a set of simple and practical 'bottom fishing and top escaping' tips! Let's not miss each other!#solana

If you don't know how to time the market, you can follow Zhiyau, who will provide real-time analysis in the village and give the best current entry points.