11.6 Evening
Good evening everyone
The current position of sol is around 158.65. From the 1-hour K-line chart and indicators, the short-term trend shows a weak adjustment state with fluctuations, located below the middle track of the Bollinger Bands and near the lower track. The middle track is moving down, indicating a weak range in the short term, with the lower track being a key support level.
KDJ Indicator: K value, D value, and J value are all at low levels. Although there are signs of overselling, a golden cross has not yet formed, indicating insufficient rebound momentum.
MACD Indicator: DIF is below DEA, and the MACD bar is negative, with bearish forces still dominating.
In the next 1-4 hours, it is recommended to rebound to around the 162--168 position, targeting the 154--149 position around $BTC
