$SOL Let's talk about the strong drop of the sol-btc exchange rate, what are the impacts

First, looking at the weekly price action of sol, it is a strong pullback after a breakout, and from a weekly perspective, there is a high probability of a second wave of increase. There are two target areas for the price action mm: the first target area is 310-342, and the second target area is above 400. The current position is near the support level of the previous bearish trend line. If you want to trade, it is best to wait for a daily close above a relatively high bullish candle to enter. The daily chart also shows a bullish flag, but this bullish flag has broken down. After the strong bearish candle broke, there was a good confirmation follow-up candle, making the situation more complex. From the perspective of price action, the probability of a real breakdown has increased, so if you want to enter, it is better to wait for a daily bullish candle to close at a high position to eliminate the risk of a real breakdown. In the end, regardless of the situation, from the perspective of the chart and the strong weekly outlook, the probability of being bullish remains high.

Next, let's look at the exchange rate triangle oscillation breakout mode breaking down, with a 60% probability at 0.000485. It is estimated that by this point, it will be in a bear market, and this position is also a bear market opportunity to buy sol at the bottom. From the daily perspective, the exchange rate is still in a narrow channel with a strong downward trend, and there are currently no signs of a stop. At least, sol will be particularly weak in the short term, which means that if bitcoin drops a little, sol will drop a lot, and similarly, if bitcoin rises a lot, sol will only rise a little. Therefore, we can tentatively guess that the big top for sol is around 340. If there is a weekly K-line closing above this, we can look at 400+. Regardless of how the market goes, there is a 60% probability that sol will not be as strong as bitcoin in the future. The profit-making effect on the Sol chain will also worsen. In the end, based on price action, the target area is at least 60% likely to reach 310.～ Binance chat room 3704990 can ask about some coins every day and see replies.