📉 Is SOL's false breakout enticing for bulls or a bullish initiation? After the bears fully loaded, the bulls are fighting back; the turning point is just ahead!
🚨 #DingDing Cryptocurrency Market Analysis Daily Report (2025/04/17)
According to #Binance's latest market conditions, #SOL fierce battles between bulls and bears, entry points and potential traps are covered in the article! 🔥
#SOL Weekly cycle analysis summary:
- On the daily chart, the market continues to consolidate, the retracement performance is poor, and we need to guard against false breakouts enticing the bulls.
- On the 4-hour chart, the bears have completed their short covering, but the trend has not yet formed, and we need to observe if it effectively breaks below the key level.
- On the 1-hour chart, a bullish trend has formed, short covering has begun, but if it cannot break through the bear's defense, a retracement is still possible.
💡 Want to know more details? Please continue reading to gain insights into the trading strategy data for each cycle!
