The hourly level trend is still synchronized with Bitcoin; wherever the big brother goes, it goes there too.
The daily line shows a bearish candle with an upper shadow and no lower shadow, and the trading volume is basically consistent with the previous days. The daily MA30 line is still in an upward trend. As long as the price does not break below this position, the daily level will still maintain an upward trend. Currently, the price has just dropped to the MA30 line, so there will be a rebound here. The strength of the rebound will depend on how Bitcoin moves.
The daily MACD shows an increasing bearish momentum not far above the zero axis, so the upward movement will not be very strong.
Referring to last year's trend, after a weak rebound here, the price will break below the daily MA30 line, retracing to the red box area, experiencing a wave of daily level decline to around 120 before continuing to rebound.
The upcoming decline retracement will see rebounds at 154-143-130, where short-term long positions can be taken. Near 175, short-term short positions can be made.
Daily level resistance levels are 177-186-196-220-244, and support levels are 165-155-143-124.
From the SOL liquidation heat map, it can be seen that
As the price rises, there are some large short positions waiting for liquidation in the 168.6-173.2 area, and a large number of large and super large short positions waiting for liquidation in the 173.6-184.8 area.
As the price falls, there are a large number of large long positions waiting for liquidation in the 165.6-162 area.
