July for SOL

It's either heaven or a crematorium

But capital has already caught the scent of profit!

News front:

ETF is a nuclear bomb

Price movements depend entirely on American decisions

ETF countdown: The SEC is speeding up the approval for the Solana ETF, Fidelity, Grayscale, and other institutions have submitted revised documents, expected to be approved as soon as July. If approved, an estimated 3-6 billion USD will flow in the first year, referencing Bitcoin ETF's rise, SOL's target price aims for 250-300 USD, but beware of 'good news turning into bad news.'

Ecological hard power: Solana's DeFi locked assets exceed 10 billion, giants like Google and Mastercard have entered, trading speed crushes Ethereum, but unlimited token issuance and system crash risks remain hidden dangers.

Regulation is a double-edged sword: If the SEC approves the ETF, SOL will soar; but if they classify it as a security, it may trigger a sell-off. Currently, Polymarket predicts a 91% approval probability, but rumors of Trump-related capital manipulation are rampant, beware of black swans.

Technical aspect: Death cross reigns, but the spring has been compressed to the limit

Candlestick pattern: Current price is 144.5, oscillating narrowly between 140.73 (iron bottom) and 150 (resistance), with a 4-hour chart continuously forming doji stars, indicating a stalemate between bulls and bears.

Indicator signals: MACD death cross but green bars are shortening, bearish momentum is weakening; Bollinger Bands are constricted to the extreme, a trend change is imminent. A breakout above 150 may chase long positions, stop loss below 140, target below is 126.

Liquidation warning: On June 11, 2.8 million SOL was dumped to 143, OBV and capital flow have been declining for a month; if the rebound lacks volume, beware of false breakouts.

Operation summary

Spot traders: Place buy orders around 140, cut losses decisively if it falls below 138; increase positions if it breaks 150, with a target of 160-180 for gradual profit-taking.

Contract traders: Currently observing, set stop loss at 145 and take a small short position; if it breaks 150 on volume, reverse to chase long, leverage should not exceed 3x.

Long-term believers: Gradually build positions before the ETF launch, hold at least until next year, but do not exceed 20% of total capital in positions.

Market trends are always born in despair, but retail investors always take the bait in excitement. Follow Big G to understand the capital game behind the candlestick chart in advance!