Family, it’s early morning again, Brother Long will chat with everyone about the SOL market.

First, let’s look at the overbought pullback pressure: the 4-hour KDJ is already at 86, and there’s a death cross, clearly indicating short-term overbought conditions, and the probability of a pullback is not small. Moreover, recently the price has risen but the trading volume has decreased, showing a divergence between price and volume, and the upward momentum is weakening, so we need to be cautious about a pullback.

However, the bullish support is still there: the MACD red bars have been consistent and are still extending, indicating that the bulls still have the upper hand, and as long as it doesn’t break the key support, the trend may continue. On the moving average side, the MA10 is around $164, higher than the MA30, providing effective short-term support.

Key levels need to be monitored closely: $173 is today’s bull-bear dividing line; if it breaks below, it will confirm a pullback, with ladder support levels at $171, $167, and $164 below. Above, $174 is strong resistance, and yesterday's high reached $175.36; a breakthrough could push it up to the $177.8 to $182 range.

Institutions also need to pay attention: Galaxy Digital has canceled the staking of 250,000 SOL and moved it to Binance; such a large amount could trigger a sell-off. The SOL spot ETF has also seen a net outflow of $2.7 million, indicating that short-term funds are withdrawing.

Brother Long’s suggestion for tonight: The altcoin season is about to pull back, I suggest shorting near $176-$177, targeting $170-$167. Remember, the risk is not small, and operations should be cautious! #SOL