SOL skyrocketed to 159 dollars! Is this rebound just a brief flash of light before the 'last supper', or the prelude to a bullish awakening? Brother Xing pointed out the essence: the market is a bloody tug-of-war, and the bears have not yet relaxed. If this bullish candlestick cannot break through resistance, it might be yanked back into the abyss in the next second, falling even harder than before!
Yesterday, the U.S. SOL spot ETF poured in another 9.7 million dollars, bringing the total inflow close to the 300 million dollar threshold. Does this wave of funds coming in look like 'smart money' bottom fishing?
Brother Xing advises you not to be misled by appearances: ETF inflows are indeed SOL's 'unique benefit', but the cryptocurrency market environment has long been in a deep freeze! Bitcoin is the 'anchor' of the entire market; if it sneezes, all mainstream coins will run a fever. In the torrent of a bear market, SOL is at most a small bamboo raft flying the flag of benefits, trying to go against the tide? The probability of it being a futile effort is high! Don't get overly excited about this 'lone seedling' ETF and forget that the whole forest is burning fiercely!
The key issue lies in: the rebound lacks volume! On the surface, market sentiment seems a bit warmer, but retail investors' FOMO sentiment has not been ignited at all; there isn't even a spark. Instead, big funds may have dug deep pits in this volatile market, just waiting for greedy people to jump in. Chasing the rise now is no different from dancing in a minefield; it looks exciting, but one wrong step can lead to a disastrous explosion!
1. Today's core logic: A volume-lacking rebound is just a paper tiger, easily punctured!
1. Technical aspect: 165 USD is the bulls' 'life-and-death line'
This hurdle at 165 USD has been attempted several times before but was pushed back by bears, a solid 'strong pressure fortress'! Bears have stationed heavy troops here, just waiting for the bulls to fall into the trap. If today doesn’t break through 165 with genuine trading volume, this rebound will be a paper tiger that won't last long before it has to retrace to the support level of 150 USD. By then, those who chased high will have nowhere to cry!
2. Funding situation: ETF is unique, the market is lagging
No matter how actively the ETF inflows are, they can't hold back the fact that all funds in the cryptocurrency market are running out! Does SOL want to have an independent market? That's simply a pipe dream! The state of the market is the key — if Bitcoin continues to probe downward, no matter how strong SOL's benefits are, it won't hold up, and it will eventually be dragged down together. Don't trust the 'beneficial support'; there is no real safe haven in a bear market!
3. Brother Xing's heart-wrenching summary:
If the bulls don't increase volume, it's all just playing games! This market would rather miss ten rebounds than become cannon fodder once! The tail-end market seems profitable, but it's full of sharp spikes; a bite could lightly injure your mouth or severely injure your bones. There's no need to take this risk!
2. Short-term trading strategy: Control your hands, don't be a bag holder!
Support level: 150 USD
This is the final 'lifeline'. Once it falls below, the trend will directly turn bearish, and the speed of decline will double. At that time, don't add positions; no matter how much you add, you'll be stuck!
Resistance level: 165 USD
To break through, you must have volume! If there's no volume but it charges upwards, it's 100% a false breakout, and the probability of a rapid retreat afterward is high. At this time, shorting is a hundred times more reliable than chasing long!
Bull-bear divide: 175 USD
Only by firmly standing above this level can we say that the bulls have truly reversed! Before this, all rebounds are just 'don't go, fellow villager' baiting schemes. Don't take it seriously!
Brother Xing's ultimate advice:
Before SOL breaks through 175 USD with a strong influx of funds, treat all rebounds as 'baiting the bulls'! Control your hands, save your bullets; surviving in the market is the key — the few points earned now are nothing compared to preserving capital in a bear market! If you're unsure about the timing to enter, afraid of stepping on a landmine or missing out, come follow Brother Xing for real-time market analysis to help you avoid traps in chaotic times and hold your chips!$SOL
If you don't know how to operate, feel free to communicate in the chatroom! Brother Xing will remind you of specific buy and sell points, and when to take profit! After all, news changes too quickly for ordinary people to keep up!@K线操盘手
#加密市场回调
#solana
#主流币轮动上涨