The daily line again shows a small bearish line with upper and lower shadows resembling a doji pattern, with trading volume basically unchanged from the previous day. After reaching a new high, the price has formed a fluctuating downward pullback trend.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis.
Overall, the trend remains strong, with a small degree of decline, but the fluctuations at the hourly level appear to be relatively large.
This kind of fluctuating adjustment trend should not last too long. Bitcoin has already reached a historical high, and I believe SOL will soon follow. After a good adjustment, it will still push up again. However, after breaking the historical high of 259.5, there will definitely be a wave of daily-level downward pullback that needs attention.
Daily resistance levels are 260-283-300-315, and support levels are 221-204.5-195.2-179.3-159.5.
From the hourly perspective, it is currently in the 4-hour rebound within the 1-day line rebound, and the 4-hour MACD is still in the process of returning to the zero axis.
Currently, the price is fluctuating near the 4-hour MA30 line. In the short term, it can go long at 226.6 and short at 250 and 260.
From the three-day liquidation heat map,
The price is rising, and there are a large number of large and extra-large short positions awaiting liquidation in the 239.4-253.4 region.
The price is falling, and there are a large number of large long positions awaiting liquidation in the 230.8-224.8 region.
