The daily level has seen five consecutive bullish candles, but it fell back within three days. The price has been unable to break through the daily MA30 line's resistance for the past few days, which happens to be near the upper edge of the red box area, so it can only follow Bitcoin down and return. This still proves our consistent statement that ultimately, we must pay attention to Bitcoin's movements.
The daily MA30 line is in a downtrend, so any subsequent rise in the near term will be a rebound rather than a reversal. The MACD is showing an increasing downward momentum below the zero axis, and the downtrend has not yet stopped. We should wait for the downtrend to halt before attempting to bottom-fish for a short-term long position, with the level around 142, and we can see a rebound around 153.
Next, SOL will continue to make large-scale fluctuations in the range of 120-160-180, waiting for the last wave of madness in the bull market.
The daily level resistance levels are 156-167-177, and the support levels are 142-134-120-110.
From the liquidation heatmap of SOL, it can be seen that
the price is rising, with a large number of significant and oversized short positions waiting to be liquidated in the 1620.2-166.4 range and the 168.2-173 range.
the price is falling, and a large number of significant and oversized long positions have been almost completely liquidated, with not many long positions left to liquidate below, and we need to wait for more long positions to accumulate.
