Today's SOL Dead Fish Situation: 190 is a mountain, 175 is a hurdle, are the main players having fun drawing the door?
Brothers, yesterday SOL was really pressed down hard by BTC! It went straight from 195 down to the floor price of 180, a return to the previous level in just one night, making people feel anxious. "Rising like a snail, falling like bungee jumping"—this is the most accurate portrayal of our crypto world!
This 1-hour chart can be summed up in two words: playing dead! The price is stuck between 179.5-182, moving back and forth, as if it hasn't woken up. That pressure at 190 is too heavy! Yesterday, some impulsive institutions that chased the high are now anxiously waiting; as soon as the price approaches 190, their urge to dump and run is stronger than anyone else's—a definite "disaster area."
As for below? There are temporarily some brothers "supporting the market" around 179.5, acting as a makeshift stool. But we must be clear in our minds, the real critical point is at 175! This is a strong technical support and also the psychological defense line recognized by the market. If this breaks, panic selling will rush out, and that scene... just thinking about it is thrilling.
Mige's personal opinion:
In the short term, don't expect a V-shaped rebound: yesterday's big bearish stick has hurt the bones, and it will take time to recover. Today, it's highly likely to continue oscillating within the range of 179-185, sweeping stop losses. The main players like to do this.
Keep a close eye on Bitcoin's mood: SOL is currently a "follower"; it will catch a cold if BTC sneezes. If Bitcoin can't hold steady today, that hurdle at 175 is really precarious! But conversely, if Bitcoin rises, SOL will have the courage to test 185 or even 188.
Case warning: Last month's spike was also preceded by a slow decline and sideways movement, then suddenly broke through the support, exploding a bunch of leverage, and finally pulled back quickly. Today’s sideways movement could be the calm before the storm.
So, brothers, today's SOL market is all about the heartbeat, relying on speed and composure! Are you planning to "lick blood on the edge of a knife" near 179.5 to bet on a rebound? Or wait for a valid breakout at 185 before jumping in? #加密市场回调
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