The trend follows Bitcoin; the daily candlestick is identical to that of the big brother, also showing a long bearish candlestick with short upper and lower shadows. The trading volume is the same as the previous day, without any increase, so this is a follow-up decline adjustment. Next, we still need to see how Bitcoin moves.
If the price drops, it will still find support in the 177-180 area to form a rebound, but the strength of the rebound may not be as strong as before. After the rebound, it will continue to decline towards the 154-169 range to look for stronger support later, adjusting and oscillating before rebounding.
Daily level resistance at 200-206.3-216.8-240-270, support at 186.4-178.5-169.3-152.3-168.5.
On the hourly level, there is a divergence pattern in the 15-minute pullback within the 4-6 hour bounce.
In the short term, a short position can be taken at 192.2 and a long position at 180, valid for intraday trading.
From the SOL liquidation heat map data, we can see.
Price rise, with a large number of significant short positions waiting for liquidation in the 191.2-192.8 area, 194.2-196.6 area, and 200-206.2 area.
Price drop, with a large number of significant long positions waiting for liquidation in the 186.4-181 area.
