The daily line shows a small bullish candlestick in the shape of a cross, with trading volume basically unchanged from yesterday, indicating a sideways upward trend.
The daily MA30 line maintains an upward trend, with MACD showing weakened upward momentum above the zero axis compared to last week.
It is important to note that the MACD volume bars are getting shorter, indicating that the upward momentum is diminishing, and the pressure faced is also increasing. Currently, it maintains a strong sideways upward trend, but we have told everyone to pay attention to the potential for a downward retracement in the past two days. Once Bitcoin shows a downward retracement, SOL will definitely follow suit, but the extent of the decline currently seems limited. Therefore, contract players should not chase highs at this time; those with long positions should take profits in a timely manner and wait for a retracement to find a better entry point.
At a larger weekly level, the bullish trend remains unchanged; do not be concerned about daily level fluctuations, as the big moves are yet to come.
Daily level resistance at 193.6-202.4-220-240 and support at 175.7-162.3-155.1-143.9.
From an hourly perspective, it is currently in a 2-hour rebound within an 8-hour rebound, making a new high and returning to the 2-hour zero axis trend.
In the short term, a short position can be taken at 184.2, and long positions can be taken at 175.8 and 165.8.
From the liquidation heatmap over the last three days.
Price is moving upwards, with a large number of significant short positions waiting to be cleared in the 183.4-188.2 range.
Price is moving downwards, with a large number of significant and oversized long positions waiting to be cleared in the 176-168 range.
