"The K-line is the scoreboard of the market makers, and the Bollinger Bands are the blood pressure monitor for retail investors—today's SOL has made the retail investors' heart rates spike with this rapid ECG."
Having just analyzed SOL's 4-hour K-line chart, three abnormal signals sent chills down my spine:
1. The Bollinger Bands' mouth suddenly narrowed (upper band 121.26/lower band 100.98), which is usually the calm before the storm.
2. The MACD is playing 'death cross' below the zero axis, with the fast and slow lines intertwined like a twisted pastry.
3. After opening at 116.61 this morning, it surged to 117.93 before crashing back to 115.88, with a daily volatility of 1.76% resembling a market maker's setup.
Pay attention to this bizarre phenomenon: the price is clearly stuck above the middle band at 111.12, but the volume bars have shrunk to toothpicks for 5 consecutive candles. This is akin to soldiers on the front line suddenly retreating together—right now, the current price of 116.98 is like a barbecue set on a volcano, ready to be consumed by lava at any moment.
Combined with the overnight drop of 8% in grayscale holdings and the Federal Reserve’s hawkish stance, the 100.98 defense line has become the Normandy of the crypto circle. However, on-chain data shows signs of trouble: despite the price drop, the NFT trading volume in the Solana ecosystem has surged 23%, indicating that whales are secretly exchanging hands.
Now remember three things not to touch:
① Don’t touch contracts in the 115-117.93 fluctuation range (a disaster zone for spikes)
② Don’t touch the toxic chicken soup of 'all in bottom fishing' (wait for the 100.98 support confirmation)
③ Don’t touch the shanzhai coins pushed by small-time dogs (funds are accelerating back to BTC)
Focus on two key reversal signals:
1. Break above 117.93 and hold for 1 hour, then chase long to 121.26
2. Break below the 115.88 support, directly look at the 100.98 life-and-death battle.
If you're still confused in the crypto circle, not knowing how to operate, click on my profile picture to follow me! This round of the bull market will unleash more hundred-fold coins; it's better to grasp it than to guess blindly.
