【Technical Analysis: Triangular Convergence Endpoint, Bears Gaining Momentum for a Sharp Drop】
Currently, SOL/USDT is in a "Bollinger Band Midline Suppressed Consolidation", with repeated failures to break the key resistance at $191, and volume continuously shrinking, forming a typical "downward continuation" structure!
Pressure Levels: $191 (Dense Area of Major Orders), $195.5 (Bollinger Midline + Previous High Resonance Pressure)
Support Levels: $185.5 (Short-term Bullish Defense Line), $180 (Psychological Round Number)
Hidden Bearish Signal:
4-hour chart MACD double line dead cross below the zero axis, and the momentum bar is shrinking and turning negative!
On-chain data shows a million-level SOL sell orders at $191 (see the chart for "Large Sell Orders"), indicating that major players are clearly suppressing price rebounds!
If the support at 185.5 is broken, it will trigger a chain liquidation of leveraged longs, with panic selling targeting below 180!
【News: Negative Factors Accumulate, Institutions Quietly Withdraw Capital】
ETF Delay Storm: The US SEC has once again postponed the approval of the SOL ETF, institutional capital inflow has sharply reduced, and large holder addresses' positions decreased by 12% weekly!
Whale Selling Pressure: An anonymous address deposited 350,000 SOL (about $65 million) to Binance yesterday, suspected to be an early miner or project party cashing out!
Macroeconomic Negative: Fed's rate hike expectations are heating up, risk assets are being sold off comprehensively, and altcoins are the first to suffer!
【Future Scenario: Consolidation = Calm Before the Storm!】
Scenario 1 (Probability 70%):
If the support at 185.5 is broken → Waterfall drops to 180 → Bulls trigger liquidation → Panic selling crashes towards 175 (strong support) → If broken, it opens up a bear market with a target of 150!
Scenario 2 (Probability 30%):
Sudden positive stimulus breaks through 195.5 → Bears stop-loss short surge to 200 → But the pressure at 215 is immense and difficult to overcome, leading to a false breakout followed by a rebound!
【Iron Eagle Operation Suggestions】
Short-term: Scale into shorts in the 191-195 range, stop loss at 198, target 185→180!
Holders: Immediately reduce positions or hedge, avoid holding onto losing trades!
Spot Traders: Place orders to buy more if it breaks below 170, confirm the downtrend on the right side before catching the falling knife!
Top support is in place! Focus on Iron Eagle; the Iron Eagle only lacks one thing: crazy ambition like yours!