The hourly trend is completely following Bitcoin. After a rapid price drop, it has shown a fluctuating upward rebound at the hourly level, and now it continues to decline along with Bitcoin.
The daily line is also a bearish candle with a long lower shadow, and the trading volume is higher than in the previous days, but it hasn't increased significantly.
The price dropped to a low of 140.21 (Binance spot price). The position we suggested for bottom fishing yesterday was at 142, but the rebound strength was slightly weaker and did not reach our target of 153, instead hovering around 149.
Looking ahead at the daily level trend, we are still watching Bitcoin. The main players have not made any significant moves recently, so we just need to wait patiently.
I have been saying that we are in a large range of 120-140-160-180, and it is still worth buying spot at low points to prepare for the year-end rally.
Daily level resistance levels are 153-167-177, and support levels are 142-134-120-110.
From the liquidation heat map of SOL, we can see that
the price is rising, with a large number of significant and super significant short positions waiting for liquidation in the 149-155.8 area, 160.6-166.4 area, and 168.4-173 area.
the price is falling, with a large number of significant and super significant long positions waiting for liquidation in the 144.2-137.2 area.
