The market is changing rapidly, and the next few candlesticks are crucial!
Are you bullish or bearish?
Last night, SOL surged and just hit the resistance level around $161. The daily trend is still bearish, but the small-level rebound hasn't ended.
Now the market is asking: Is this rebound the beginning of a reversal, or another trap for the bears?
Key point analysis:
Upper resistance: $161 (breakout aims for $166, only then the bulls have hope)
Short-term bull-bear dividing line: $157.6 (if it breaks below on the 1-hour chart, rebound momentum weakens)
Life-and-death support: $155.5 (if it breaks below on the 4-hour chart, the rebound is declared over, and the bears will dominate again)
If $155.5 is lost, the lower targets are clear: $150 → $145 → $140, or even lower!
But if it can hold above $161 and break $166, the short-term trend might reverse, and the bears need to be careful...
If you're waiting to buy the dip, don't rush; there's still a chance before breaking $155.5, but once it breaks, don't catch the falling knife!
If you hold spot positions, $161-$166 is the area to reduce positions; if it can't break through, be alert for retracement risks!
