I. Core Assessment of Short-Term Trends
Today's key turning point for the SOL market focuses on the core price level of 170. Given that the price precisely reached the third support level and then rebounded, whether the 1 - 2 hour candlestick can effectively stabilize above 170 will be a decisive indicator for judging whether the short-term rebound can continue:
- Bullish Confirmation Signal: If the 1 - 2 hour candlesticks continue to close above 170, it indicates sufficient momentum for a small-level rebound, and the market is likely to start a new upward trend.
- Bearish Warning Signal: Conversely, if it cannot stabilize at this price level, it means the rebound lacks strength, and the market will continue the retracement.
II. Key Level Distribution and Strategy Reference
(I) Upward Pressure Levels
1. First Resistance Level: 174
- Technical Features: The dense trading area of the previous oscillation consolidation, where a large number of trapped positions and profit-taking positions are concentrated, is likely to trigger selling pressure, forming the primary obstacle to short-term upward movement.
2. Mid-term Pressure Level: 178
- Technical Features: Key moving average resistance level resonates with Fibonacci key resistance level, requiring strong buying power and market sentiment to achieve an effective breakthrough.
3. Trend Breakthrough Level: 181
- Technical Features: Once the price successfully stabilizes at this level, it will confirm that SOL has entered a new upward channel, opening up further upward space.
(II) Downward Support Levels
If the 1 - 2 hour cycle cannot stabilize above 170, a new round of retracement is expected, with the following support levels in order:
1. Primary Support Level: 166
- Technical Features: Short-term moving average support level, also an important psychological defense line formed by previous lows, providing some buffer against bearish downward movement.
2. Secondary Support Level: 164
- Technical Features: Important technical support level, if this level is breached, bearish sentiment in the market may further intensify.
3. Strong Support Level: 161
- Technical Features: Multi-cycle moving averages converge at a support level, which is a key battleground for both bulls and bears, and the gains and losses here directly affect the future trend of SOL.
III. Summary
The core of SOL's short-term trend lies in the outcome of the battle between bulls and bears at the 170 level. If the price can effectively stabilize above this level, the bulls are likely to challenge the pressure in the 174 - 181 range; if it cannot stabilize, caution should be taken regarding the risk of price retracing to the 166 - 161 area. It is advised to closely monitor changes in the 1 - 2 hour candlestick patterns, strictly set stop-loss and take-profit levels, and manage positions reasonably!$SOL #SOL走势 
