The market correction during this period ended, and the small level entered a range of shocks. After the big cake stopped falling in 4 hours, it entered the bullish upward stage, which means that the bulls began to exert their strength, indicating that the support below is very strong, and the probability of rising next is greater than falling.

After Bitcoin stopped falling and entered the bullish upward phase, Ethereum also entered a bottom-swinging market.

Judging from the market, Ethereum is also about to make a move, hitting the bottom for the second time in 4 hours, and a bullish engulfing pattern with large volume appeared, and the volume was huge.

This means that Ethereum has most likely stopped falling, and a new round of rising prices will begin.

The K-line on the market is the most authentic reflection. By judging the current strength of the bulls and bears through clues on the market, and if a bullish signal appears, you can judge the next trend in advance.

It’s like an old Chinese doctor treating a patient. He has experience and methods. Just by taking the patient’s pulse and looking at the tongue coating, he can tell where the patient is feeling uncomfortable.

The same is true for the market. When you have mastered the method and learned the professional skills, you will be able to see whether the military or the air force is strong at the moment, and whether the market will continue to fall or stop falling and rise.

But if you don’t understand anything, you will be like a headless fly, confused and unable to figure out what to do. You will see the price has clearly stopped falling and entered a volatile market, but you see it go up a little and then fall down again, and you will be afraid that it will continue to fall and you will panic.

But the market trend is like this. It is impossible for it to keep rising, and it is impossible for it to keep falling. If you cannot judge in time whether the market has stopped falling and is about to rise, or whether the decline is a shock to lure more investors, you will not be able to make correct operations.

In the Internet age, there is too much information. Some say the stock price will rise, and some say it will fall. If you don’t have the ability to distinguish, you will not be able to make an effective judgment.

The basis for most people's judgment is that the account balance is low, which leads to panic and fear, and they worry that the price will fall further, or they see many people saying that the price will fall, so they think it will continue to fall. This is the reason why three people make a tiger.

However, the financial market is subject to the 80/20 rule, where a few people make money and the majority lose money. Do you think the majority are right?

If you want to get big gains in this market, you must put your time and energy into it. If you don’t understand anything and invest randomly, it is actually gambling. Everyone knows the consequences of gambling.

So, do we invest with clarity and determination to make money, or do we invest blindly like gambling?

About SOL trend analysis:

1. The most noteworthy thing is that the SOL chain locked volume has dropped by 7.69%, and the proportion of USDC has also dropped slightly. Some players have begun to withdraw funds or the funds on the chain have begun to flow to other places.

2. However, the total fees and total revenues of the SOL ecosystem still increased, by 7.48% and 7.09% respectively. Despite the outflow of funds, on-chain activities remain strong, and SOL is still very profitable. The transaction volume also reached 2.89 million transactions. Overall, the increase in on-chain activities shows that the ecosystem is growing.

3. Currently, SOL is in a defensive decline. Yesterday, its founder also said that the technical problems of downtime will be optimized as soon as possible. I have observed that market makers have also started to idle BTC, ending the independent market. This is also a defensive decline to avoid excessively high prices leading to a large outflow of funds on the chain. Yesterday, more than 75% of "non-voting" Solana transactions failed, setting the highest negative rate on record. This is also one of the main reasons for the sharp drop in CoinHouse yesterday.

4. Yesterday’s short-term outage caused all projects on the chain to explode, and there was a serious outflow of funds on the chain. The news that the bankrupt FTX consortium had sold about 1.6 billion US dollars of locked SoL was the main reason for the temporary suspension of the independent market. However, as the BTC market gradually stabilizes, I believe that SOL will soon reopen the independent market mode.

5. From a technical perspective, SOL is still trying to recover the box above 178, with the current support at 166.5. Once it stands firmly at 178, the next target will be to recover to the 190 area.

A couple of days ago, Bitcoin led the market to fall back. Personally, I feel that it is the same as if there was no fall, because every time I share, I have partially shorted my positions and am waiting for a large bull turn or a large golden pit. Let me also say this here. In my opinion, a large bull turn or a large golden pit means that Bitcoin plummets in the short term and falls below 58,000 to seek support. Only then can it be considered a golden pit. Of course, whether a golden pit will appear here is itself an unknown.

So, everything depends on your patience and waiting. The market is as strong as ever, and you can find opportunities to get on board in advance in the 65,000-60,000 range. But you need to see the trend of the market getting stronger.

There is no need to panic about the market. The bull market has just entered the early stage of the bull market. What is there to be afraid of at this time? The decline is a golden pit, which gives you the opportunity to get on the train again! When the general trend is in the bull market, the retracement is to be bold and bold to get on the train. What is there to be afraid of?

Many people have already filled their positions early. This is your own operating habit. If you are used to full positions in a bull market, what are you entangled about? There is no need to entangle! If you decide to go full positions in a bull market, you must take all the gains when the market rises. You must accept and endure the profit taking brought by the retracement and the result of not having chips to add positions? It is impossible for you to take all the benefits!

Finally, I wish everyone can achieve their dreams and have smooth sailing in this bull market, and let’s get rich together!

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