1. Core Judgment of Short-Term Trends
Tonight's direction in the SOL market heavily depends on this crucial price level of 166. The closing situation of the 4-hour candlestick will become an important weather vane for judging the subsequent trend of the market.
Bearish Dominance Signal
If the 4-hour candlestick fails to close above 166, it means that the correction at the 4-hour level has officially begun, with bearish forces dominating the market. At that time, market sentiment may turn more cautious, and investors may tend to reduce positions to avoid risks. The following support levels are worth paying special attention to: 162 as the primary support, formed by the convergence of short-term moving averages; 159 is a key point that has been tested multiple times in the past, providing strong psychological support; 155 is in the area of convergence of multiple moving averages, and once prices dip, these points will be tested sequentially. If these are consecutively lost, it may trigger a deeper downward trend.
Bullish Continuation Signal
Conversely, when the 4-hour candlestick firmly closes above 166, and the subsequent periods can maintain this trend, it indicates that bulls have regained market dominance, and a small-level rebound is expected to commence. This will boost market bullish confidence and attract incremental funds to enter the market. As for the upper pressure levels: 170 is at the upper edge of the recent fluctuation range, gathering a large number of profit-taking and trapped positions; 173 is where the key Fibonacci resistance level lies, forming strong pressure on price upward movement; 176 is an important psychological level coinciding with moving average resistance. If these pressure levels can be successfully broken, the price of SOL may open up new upward space.
2. Distribution of Key Levels and Strategy Reference
(1) Upward Pressure Level
1. First Resistance Level: 170
This position is at the upper edge of the dense trading zone of recent price fluctuations, where a large number of chips are gathered. When the SOL price rises to this point, selling pressure will significantly increase, becoming the primary obstacle for bulls to break upward. To achieve an effective breakthrough, strong buying funds need to continue driving it, along with positive market bullish sentiment.
2. Mid-Term Pressure Level: 173
This level coincides with a key Fibonacci resistance level, posing strong technical pressure on price upward movement. To successfully break through this resistance level, sustained bullish momentum and sufficient capital support are needed. Once broken, it may signal that the market will enter a new upward phase.
3. Trend Breakthrough Level: 176
Once the SOL price successfully stabilizes above 176, it will confirm its entry into a new upward channel, and subsequent upward space is expected to be significantly opened, with a new round of strong upward momentum anticipated. This breakthrough will greatly enhance market confidence, attract more investors to participate, and push prices further up.
(2) Downward Support Level
If the 4-hour level fails to stabilize at 166, the downward correction will begin, and the support levels below are as follows:
1. Primary Support Level: 162
Formed by the convergence of short-term moving averages, it is also an important support area during the previous price fluctuation process, which can buffer the impact of bearish downward movements to some extent, slowing down the speed of price declines. If the price can find effective support here during a retracement, it may stabilize and attempt to initiate a new round of rebound.
2. Secondary Support Level: 159
As a key support level that has been validated multiple times in the past, once lost, market panic may spread rapidly, triggering larger-scale selling activities, leading to accelerated price declines. After breaking below this support level, everyone needs to closely monitor changes in market sentiment and adjust trading strategies in a timely manner.
3. Strong Support Level: 155
This level is located in the support area of multiple moving averages converging, a strategic location fiercely contested by both bulls and bears, whose gains and losses are directly related to the subsequent medium to long-term trend direction. If strong support can be obtained here, the market may welcome an opportunity for trend reversal; once broken, it may trigger a deep correction, altering the overall market pattern.
3. Summary
The battle between bulls and bears at this crucial price level of 166 is the core focus of SOL's nighttime movement. If the 4-hour level can effectively stabilize above this position, bulls are expected to challenge the pressure in the 170 - 176 range; if it cannot stabilize, one must be wary of the risk of prices retracing to the 162 - 155 area. The volatility is severe and full of uncertainty. It is recommended that everyone closely monitor the changes in the 4-hour candlestick patterns, strictly implement stop-loss and take-profit strategies, and manage positions reasonably!$SOL #SOL走势 
