In-depth analysis of the market trends of Cake and SOL at noon on January 24, 2025
Today, there are only two focuses:
The upper pressure level is 108,000 and the lower support level is 100,000. Look for opportunities to short or long around these two prices.
The current market is very simple:
First, the emotional fluctuations are serious, there is no trend opportunity, and it is all driven by emotions; second, the current price is in the middle of the box, neither up nor down, it can go up or down. No matter what data there is in the afternoon and evening, the market will rise or fall sharply. It will face the upper pressure and lower support. Instead of drifting with the tide in the box, it is better to wait for support or pressure, and go long at low or short at high.
The operating idea of SOL is the same as BTC. But one thing to note:
Before this round of weakness, SOL was in a very clear rising state, that is, SOL’s current weakness is completely driven by BTC.
If BTC rises moderately in the future, it is not ruled out that SOL will rise in retaliation and break through 270 to continue to rise.
