Brothers, take a look at this K-line chart. SOL is like being kicked down a mountain by a bear, falling so hard that even its mother wouldn't recognize it! Let's dive straight into the hard facts.
1. Technical Analysis: Bearish Control Output
1. Moving Average Meat Grinder
The 7-day EMA and 30-day EMA have formed a 'death cross', with two guillotines hanging over the current price of $166.91. In simpler terms: the bears are in control, and any rebound? You better ask the moving averages if they’ll allow it!
2. MACD Killing Intent
The DIF and DEA have split below the zero axis, with the green bars getting longer, equivalent to a falling market accelerating with nitrogen. Old Zhang, who went all in at $167, is now squatting on the rooftop smoking...
3. Trading Volume Playing Undercover
Among the $35.95 million in SOL trading volume, there’s a net inflow of 2.68 million SOL. Big players are picking up chips with bags in hand! But the current price has already broken below the early session low. If tonight’s volume breaks below $165, the $160 support will definitely break!
2. Sentiment: Shitcoin Betrayal + Bitcoin Dragging Down
The shitcoins on the Solana chain are sucking blood, turning SOL directly into a blood bag! If Bitcoin drops to $60,000, SOL will be the first to be sacrificed!
3. Trader’s Underhanded Tactics Revealed
There are massive sell orders piled up around $167 on the exchange, clearly indicating a 'graveyard for the overly bullish'. Going long against the trend? That’s like chasing a J-20 on a shared bike!
Practical Strategy:
Spot Traders: Place a stop-loss at $165; if it breaks, jump off the ride, don’t fight with your account balance!
Contract Traders: $170 and $175 are the air force headquarters; hold above $170 before making a sneaky move.
Onlookers: Keep a close eye on Bitcoin—if Bitcoin stabilizes at $61,000, SOL can catch its breath; if Bitcoin crashes, SOL will head straight for $160!
Insider Information: A certain exchange shows a long-short ratio of 3:1 for SOL contracts, combined with tonight’s U.S. CPI data, the script is likely to be 'spike → liquidation → corpse picking' trio.
Summary:
Technical death cross + shitcoin bloodsucking + Bitcoin dragging its feet, SOL suffers a triple blow today! A message for you, brothers:
True Words:
Don’t reach out; wait until the bloody chips are cleaned out before we step in and grab a bite!
Final Question: In this market, do you want to be the scythe or the chives?
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