For the gamblers in the crypto world, it's time to cross the street with your eyes closed again—SOL has hit a snag around 180 dollars!
This is the third time this week! SOL is like a trampoline athlete that has been paused, with the 180 dollar position becoming its curse. The bullish celebration line at 185 dollars above and the bearish alert line at 175 dollars below create a thrilling roller coaster effect within this 10 dollar range.
Whenever SOL touches around 180, there's always a group of people shouting that a breakout is imminent and rushing in, while another group is yelling about a double top and running out. What happens? This asset just plays a back-and-forth game around 180, giving technical analysts a black eye.
But tonight is different! The Jackson Hole meeting, the Spring Festival Gala of the crypto world, is about to start, and Big Brother BTC and Second Brother ETH are both on high alert. Did you notice? Recently, SOL's movement is increasingly resembling ETH's little sidekick—when ETH sneezes, SOL definitely catches a cold. Whenever Big Brother ETH shakes a bit, Little Brother SOL absolutely gets weak in the knees! ETH rises, SOL may not necessarily follow as strongly; ETH falls, and SOL definitely crashes harder—this is the brutal reality of the on-chain ecosystem!
Old Zhao's heartfelt advice:
Better to place a buy order at 175 for a low entry than to chase highs at 185 and end up as cannon fodder! The market won't run away, but your capital will shrink!
There are no gods in the crypto world, only smart people who can read the signals. Old Zhao's articles don't boast or make empty promises, they only teach you practical survival skills. Follow Old Zhao for daily entry strategies and know in advance.#杰克逊霍尔会议 $SOL
