Mig sees through candlesticks; behind the code are human sentiments.
Technical analysis: hidden rebound momentum amidst a death cross.
The current SOL/USDT 1-hour candlestick chart is at a critical stage of rebounding from the lower Bollinger Band to the middle band, with fluctuations exceeding 60 points in just one hour!
The key support at 205 has become the dividing line for bulls and bears, while the resistance at 213 above is the last line of defense for bears.
Although the MACD is in a death cross state, if the price can hold above 205, the rebound momentum will accelerate—once it breaks the middle Bollinger Band, an assault on 213 will be highly probable!
The strong support at 201 below is the last line of defense. If broken, the short-term trend will turn bearish.
The liquidation heatmap reveals the intentions of the main forces.
From Binance's liquidation heatmap, there is a large accumulation of short liquidation amounts in the 220-215 range above, which means that once the price rises rapidly, short sellers will be forced to cover, driving the price up! Meanwhile, the 200-205 range below has concentrated long liquidations, and the main force will likely use this to wash and accumulate positions. The current price of 211.27 is at a critical battleground, with liquidity increasing by 0.85 indicating that the market is poised for action—massive changes are imminent!
Catalysts in the news: ecosystem explosion + capital return.
Recent good news frequently appears in the Solana ecosystem:
Bitcoin ETF fund inflows are warming up, driving an increase in risk appetite for Altcoins.
The TVL of Solana's on-chain NFTs and DeFi protocols is growing against the trend, and institutional holding data hides bottom-fishing signals.
Before the September Federal Reserve meeting, high Beta assets like SOL are likely to attract short-term capital!
Mig's viewpoint: The groundwork has been laid! Key levels will determine the future market.
I believe 205 is the current lifeline for bulls and bears. If it holds, a rapid rise to test 213 or even 220 is possible; but if it breaks 201, we need to be cautious of a deep pullback to 195!
Retail investors must closely monitor changes in trading volume at this moment—if volume breaks above 213, it can be pursued for long positions; if it falls below 205 with low volume, stop losses are necessary!#美联储降息预期
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