Technical Analysis:
The current hourly K-line chart shows SOL's current price at 206.46 USDT, having stabilized at the key level of 206. The technical indicators show a clear bullish signal:
The moving average system has formed a golden cross pattern, indicating a bullish short-term trend
The pressure levels above are clearly defined: 218 (strong resistance), 215 (secondary resistance), 212 (initial resistance)
The support system below is complete: 203 (the dividing line for bulls and bears), 197 (target support), 193 (second support)
Trading volume indicates fierce competition between bulls and bears at the current position
The key breakout level at 208 is crucial; if this position is effectively breached, it will open up upward space, targeting the 212-215 range. However, caution is advised; if the support level of 203 is broken, the current rebound trend may come to an end.
Non-farm data is coming in heavy
Key economic data will be released at 20:30 Beijing time:
U.S. August unemployment rate (previous value 4.30%, expected 4.20%)
U.S. August seasonally adjusted non-farm employment population (previous value 75,000, expected 73,000)
Non-farm data has far-reaching effects on the market:
Directly reflects the health of the U.S. economy, influencing the direction of the Federal Reserve's monetary policy
Data exceeding expectations may strengthen interest rate hike expectations, suppressing risk assets
Data below expectations will boost market liquidity expectations, favorable for cryptocurrencies
Historical data shows that the volatility of cryptocurrencies usually amplifies 3-5 times during non-farm releases
Future Market Trend Forecast
Bullish Scenario (Data below expectations):
If the unemployment rate is above 4.20% or non-farm employment is below 73,000, SOL is expected to break the 208 resistance, targeting sequentially at 212, 215, 218. Under extremely optimistic sentiment, it may test the 220 position.
Bearish Scenario (Data better than expected):
If the unemployment rate is below 4.20% or non-farm employment exceeds 73,000, SOL may break the 203 support, targeting down to 197, 193. If market sentiment is extremely pessimistic, it may further test the 185 position.
Iron Hawk Operation Suggestions
Before data is released: It is recommended to reduce positions to a bearable range, set stop loss above 206 and stop loss for long positions below 203
When data is released: Avoid blindly chasing highs and lows, wait for clear directional signals before operating
Breakthrough Strategy: Effectively break 208 to follow up on long positions with a small amount, target 212-215; if it falls below 203, consider short-term short positions
Risk Control: Single transaction position not exceeding 5% of total funds, strictly implement profit-taking and stop-loss discipline
Medium to Long-term Layout: Wait for data clarity, and gradually build positions near key support levels
#非农就业数据来袭
The information that changes your destiny is right above your fingertips! Hesitating for a second is betrayal of ambition, click to follow Iron Hawk immediately!
$SOL
