8.29: Pancake Afternoon Analysis

Looking at the 4-hour chart, there have been consecutive bearish candles recently, indicating that the short-term trend is clearly bearish. However, there is a good sign: the lower shadows are getting shorter, which shows that there is support forming below.

Next, looking at the MACD, although the DIF and DEA are still in negative territory, the green histogram has shifted from gradually increasing to slowly narrowing, which clearly indicates that the bearish momentum is weakening. There might soon be a rebound.

Operation Suggestion: Buy near 110960-110310, target 111860, 112600

Strategies are time-sensitive, so make sure to set stop-loss orders when entering. For those unsure, don't hold on stubbornly; call out anytime and find the right target direction before deciding! #资金涌入推动SOL上涨 $BTC