The large coin has dropped about 6% in the past two days. From a technical perspective, there are still no obvious bottom signals on the 4-hour and daily charts. The weekly chart has shown a long upper shadow, and we will look at the closing situation at 8 AM on Monday. However, from the volume perspective, there are no signs of large institutions dumping their holdings. It's unclear what the market manipulators are up to. From a macro perspective, the probability of a 25 basis point rate cut in September has reached 90%, and there is also a chance of another rate cut in the fourth quarter of this year. Additionally, year-end market trends are usually good, so there’s no need to worry. As long as it doesn’t effectively break below 116,000, it shouldn't be a big issue. If there isn't enough upward momentum during the day, short-term positions can take profits at resistance levels and wait for a retracement to the support level tonight before re-entering!
The large coin has resistance around 118,300 and support around 116,500. SOL has resistance around 192 and support around 182!