$SOL Daily Fluctuation Range: $83,500 - $85,500, has tested the $85,500 resistance level but has not effectively broken through.

Trading Volume: 24-hour trading volume is $26.3 billion, a slight decrease from the previous day, caution is needed against the risk of 'volume-less rise'.

Technical Indicators

MACD: 4-hour chart golden cross continues, momentum bar gently expands, but has not entered the overbought zone (RSI around 60).

Key Resistance: $85,500 (short-term breakout point), if it holds, it may trigger an accelerated rise.

Support Level: $83,000 - $83,500 (strong support zone), if broken, it may trigger short-term sell-off.

II. Market Sentiment and Capital Flow

Institutional Behavior

A listed company recently purchased 3,459 BTC for $285 million, with a net inflow of $130 million in ETF on a single day, indicating long-term capital inflow.

On-chain data shows that net outflows from exchanges are increasing, whale accounts are continuously accumulating, supporting the price.

Risk Factors

Liquidity crisis of small coins: After the OM token flash crash of 80%, the market is wary of capital concentrating towards Bitcoin, putting pressure on altcoins.