The weekly line shows a small bearish candle with a long lower shadow, with trading volume basically flat compared to the previous week, indicating a trend of oscillating downward adjustment.
The weekly MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum above the zero axis.
The weekly price has maintained three weeks of oscillating downward movement, with last week’s spike reaching around the neckline support near 200, and after strong support, a small-level rebound trend formed.
Bitcoin continues to push upward, and SOL will definitely follow. Let the big brother go first, while the little brother continues to wobble and adjust. After a good oscillation adjustment, they will continue to surge. The longer the oscillation, the more solid this platform for a price increase will be, which is more conducive to the upcoming price rise.
If you bought the spot around 120, you can hold on. The target should be at least above 300 before considering taking profits in batches.
The daily line shows a small bullish candle with short upper and lower shadows, with trading volume basically consistent with yesterday, slightly less than in previous days, still maintaining a trend of oscillation.
The daily MA30 line is showing a flat to upward trend, and the MACD is approaching the zero axis from above, indicating a weakening downward momentum.
After the daily level pulled back near the neckline position of 200, the rebound faced resistance at the daily MA30 line, then a narrow range oscillation near the daily EMA52 line for adjustment.
The MACD is returning to the zero axis; if a bullish candle appears in the next two days, it will form a golden cross for the MACD fast and slow lines, which is a very healthy trend, and a new round of daily level increases is about to arrive.
Prices will definitely experience small-level downward pullbacks when encountering the daily MA30 line, which will be your opportunity to enter; don’t miss it.
Daily level resistance points are 235-245-270-283-300-315-331, and support points are 214.4-202.3-184-167.5
From the hourly level, it is currently showing a 5-minute rebound trend within the 1-day EMA52 rebound.
In the short term, you can go long at 221 and short at 230, valid for intraday.
From the three-day liquidation heatmap
Prices are rising, with a large number of large short positions waiting for liquidation in the 227.6-234.6 area
Prices are falling, with a large number of large long positions waiting for liquidation in the 215.6-209.8 area
