Nuclear-level data countdown! SOL faces a life-or-death decision. How can retail investors survive?

Every cryptocurrency storm has its precursors. Tomorrow evening at 8:30 PM, the release of US initial jobless claims (previous value: 226,000, expected: 228,000) and July PPI data (previous value: 0.0%, expected: 0.2%) will hang like a sword of Damocles over the cryptocurrency market, potentially triggering significant market volatility.

Data release: Economic barometer, a turning point in the fate of the SOL

These two sets of data act like a compass in the cryptocurrency world, guiding the market's direction. If the released data exceeds expectations, it signals economic weakness. Amidst the economic downturn, expectations of a Federal Reserve rate cut will skyrocket. As the dominant global currency, the US dollar will deflate like a balloon, its exchange rate plummeting if expectations of a rate cut intensify. SOL, the star cryptocurrency in the crypto world, is highly likely to experience a surge in price, like a sleeping lion suddenly awakening to unleash its explosive power.

On the other hand, if the data falls short of expectations, the signal of a strong economy will reignite fears of a rate hike. The US dollar will surge like a flaming fire, plunging the market into a dark abyss, with rivers of blood flowing, and investor confidence will suffer a severe blow.

Technical analysis: Undercurrents surge, a bull-bear showdown is imminent

Currently, the price of Sol (SOL) is closely aligned with the upper Bollinger Band, like a taut bowstring, at the critical level of $198. The MACD indicator shows a golden cross with increasing volume, suggesting bullish momentum and a prosperous market. However, beneath this seemingly calm surface lies a hidden threat.

A key turning point is clearly visible. In a bullish scenario, if SOL breaks through the strong resistance level of $205, a densely packed area of major orders, it acts like a fortress. A breakout would trigger a wave of short-term stop-loss orders, unstoppable like a flood. SOL would surge to $210, a gain of over 6% in 24 hours, marking a new chapter in its own history.

However, in a bearish scenario, if the main support price of $198.5 is lost, there are currently 1,777 SOLs placed there to protect the market, like a shaky dam. Once this is breached, panic selling will surge like a tide, breaking through the daily support of $173.3. SOL will plummet to below $170, a drop of more than 14%, and may even fall to $160, hitting the weekly neckline, plunging the market into chaos.

Retail Investor Operations: Life and Death Decisions, Proceed with Caution

Tonight is a crucial night for retail investors. They must be fully prepared to survive this storm.

We recommend placing a long order at $197.9 with a stop-loss at $195, like a brave warrior, to capitalize on a sudden surge on favorable data. Meanwhile, we recommend setting a short order at $196.3 with a stop-loss at $198 to mitigate the risk of a black swan flash crash, ensuring both offensive and defensive strategies.

Tomorrow night at 8:25 PM, when the data is released, be sure to liquidate your positions and wait and see. Avoid sudden market fluctuations and protect your capital, just like seeking a safe haven in a storm.

After the nuclear explosion, if SOL breaks through $205, you can chase it to $210 and then short it. Historically strong resistance levels are often the key to switching between long and short positions. If it falls below $173 and plummets to the $165 area, you can consider bottom fishing. This is the institutional cost zone and may contain rebound opportunities.

However, it's crucial to remember that using news to "strangle retail investors" is a classic tactic in the cryptocurrency world. Never bet on a market trend with a full position, and strictly use stop-loss orders; this is the bottom line for survival. In turbulent markets, clinging to reliable sources and focusing on professional analysis are essential to finding your own path to survival in this brutal game.

Is the storm too cold? Pay attention to Suzaku. The Suzaku thermonuclear team is ready! It will only ignite the prairie fire of ambitious lunatics!