Brothers, Brother Chen will now talk to everyone about the latest developments and trading strategies for SOL. The current price is around $175.6, with a 24-hour decline of 0.24%, not much movement. Last night it broke the support at 173, then bounced back to around 176, but couldn't hold, and the 4-hour chart is still in a pullback. Recently, selling pressure has been quite strong; when the price drops, trading volume increases, and bears are temporarily in the lead. If there is a rebound aiming for 178, we need to see if the trading volume can keep up. In terms of bullish and bearish signals, for the bulls, the MACD bars are shortening, indicating that the bulls are gaining some strength; if a golden cross occurs, a rebound may happen; the RSI is approaching 40, not far from being oversold, and the probability of a short-term rebound is also high. However, the bearish signals are more evident: the 4-hour chart showed a large bearish bar that broke the previous low, the MACD has been negative, the bars are still lengthening, KDJ has a dead cross, and the overbought value is 86, indicating a significant risk of a pullback. We also need to keep an eye on on-chain movements: Galaxy Digital recently transferred 224,000 SOL to the exchange, possibly for selling, which may increase the selling pressure; however, the SOL redeemed from FTX needs to be given to creditors, and after the short-term liquidity eases, the pressure might lessen a bit. Finally, let’s discuss Brother Chen's trading strategy for today: consider shorting around $176.88-$177.86, with targets looking at $173.34-$170.12. Market fluctuations are inevitable, remember to set stop losses; being cautious is always better~#solana