As the market oscillation cycle ended, the price of $SOL fluctuated between $120 and $160 in the past three months. Recently, SOL has seen a breakout on the daily chart, successfully crossing the resistance zone of $160 to $163. This breakout opens up new upside for SOL, and if it can sustain above this level, SOL may further challenge the highs of $189 or even $210. In the process, $175 may become another resistance level to watch.

Currently, SOL has established an initial support area around $160. If the price can stabilize above this level, the bullish sentiment in the market may continue. However, if the price of SOL falls below the $160 support level, then stop-loss orders may be triggered, causing the price to fall further to $150 or lower. Therefore, investors should pay close attention to the support zone of $160 to $163 and formulate trading strategies based on this.

In the current market environment, investors should remain cautious and not be affected by the extreme sentiment of the market, whether it is bearish to zero or bullish to $500 to $1000 predictions. Before the price of SOL falls back to $160, investors are advised to pay attention to the price range of $160 to $185 and make reasonable investment decisions accordingly. At the same time, attention should be paid to the support area of ​​$163 to $160 and the resistance area of ​​$180 to $185 to better grasp the market dynamics.

The trading price of $SOL is currently hovering around $163, gradually approaching the key resistance level of $164.

If SOL can successfully break through this resistance level, it may further challenge the upper boundary of a bullish symmetrical triangle, with potential upward targets at $189 and $210, respectively. In this process, the level of $175 may become a new resistance level.

In the short term, the level of $160 provides support for SOL. As long as the price remains above $160, market sentiment may continue to be bullish for SOL. However, if this support level is broken, the price of SOL may further retreat to $150, and it might even drop to lower levels. Investors should closely monitor these key price levels and adjust their trading strategies accordingly.

$SOL Analysts from Standard Chartered Bank recently proposed an interesting viewpoint, suggesting that if Trump were to win the upcoming presidential election, the cryptocurrency Solana (SOL) could see a growth of up to 400%. Solana is a high-performance blockchain platform that supports smart contracts and is widely recognized in the market for its high transaction processing capability and low transaction fees.

The price of SOL is influenced by various factors, including its technological advancements, partnerships, market acceptance, and the overall trends in the cryptocurrency market. Although market sentiment and the policy environment significantly impact SOL's performance, developments at the technical level are equally important. Solana's high throughput and low latency characteristics give it significant potential in the decentralized finance (DeFi) and Web3 sectors.

Additionally, Solana's ecosystem is continuously expanding, attracting an increasing number of developers and projects. This flourishing ecosystem provides a solid foundation for the demand for SOL tokens and may drive its price growth in the future. However, market changes are always filled with uncertainty, and investors should consider all factors comprehensively when thinking about investing in SOL and ensure proper risk management.

Solemn Reminder: In the current market cycle, it is essential to hold onto SOL assets.
Although investors may suffer losses due to market fluctuations in the social media MEME of $SOL , please ensure you hold enough SOL assets. Because any losses you incur in trading could ultimately be compensated, and you might even gain more returns.
I am increasingly convinced that the market valuation of SOL is far beyond its current level, and my confidence in SOL reaching a target price of $1000 is stronger than ever.
This strengthened belief partly stems from the fact that SOL's PVP (Player vs Player) community has successfully attracted broader attention. Such a vibrant ecosystem cannot possibly be limited to its current market size. Do you feel the same way?

The current trading price of $SOL is $169.47. Based on the latest market charts, we can analyze the following from a daily perspective:

1. Support and Resistance Levels:
- Resistance Level: The recent market high reached $193.98, which may become a significant resistance point for the market, with potential selling pressure as prices approach this level.
- Support Level: There was significant buying interest near $110.00, indicating that this price level may be a key support area, attracting buyers as prices approach.

2. MACD Indicator Analysis:
- The MACD fast line (blue) is currently above the slow line (yellow), which is typically seen as a signal of bullish control in the market, suggesting further price potential for upward movement.
- The MACD histogram is green, reflecting the current upward momentum in the market, indicating relatively strong buying power.

3. RSI Indicator Analysis:
- The RSI reading is 81.38, indicating that the market may have entered an overbought zone, suggesting that there could be some risk of a pullback in price in the short term.

4. Target Price Levels and Trading Strategy:
- Target Price Levels: If the current uptrend continues, SOL may first attempt to break through the price level of $170.14, followed by a challenge of the $193.98 resistance level. If the breakout is successful, the market may further test price levels close to $198.18.
- Trading Strategy: When considering entry or exit from the market, investors should set reasonable take-profit and stop-loss points based on their risk preferences to manage potential market volatility risks.

After the fluctuations over the weekend, Bitcoin ($BTC ) shows strong momentum on the four-hour chart. However, as shown in chart P1, the MACD indicator is still in a state of high divergence. As we discussed earlier, from a technical analysis perspective, there is a demand for a pullback around $64,700. If the current market can break through $70,500, the previous pullback expectation may become invalid. Therefore, it is not recommended to chase the price on the hourly chart level before it breaks $70,500.

If today's BTC price can rise to around $70,000, this could be a good opportunity to add to positions, especially on the minute chart level. Here is a brief explanation of the differences between hourly and minute trading conditions: Hourly trading usually refers to short-term trend trades composed of hourly candlesticks, with holding periods typically measured in days; while minute trading refers to intraday swing operations composed of minute candlesticks, with holding periods usually measured in hours, which is commonly referred to as day trading.

In short, investors should distinguish between these two different trading cycles when operating to better manage positions and risks. On the hourly level, caution should be exercised to avoid blindly chasing prices; whereas on the minute level, if the price approaches $70,000, it can be considered as an opportunity for adding positions in day trading. It is important to closely monitor market dynamics and develop trading strategies based on individual risk tolerance.

The rebound potential of Ethereum ($ETH ) has always been a focus of market attention. Currently, the price of ETH is fluctuating below $2800, and the market generally believes that ETH will remain in a range of $2100 to $2800 for consolidation before stabilizing at this price level. The current price is close to previous highs, forming a certain resistance level, which may indicate that the market will enter a period of correction. Therefore, for investors holding low-position long orders, gradually taking profits is a more prudent strategy.

1. If the price of ETH can break through $2800 with a large bullish candlestick, and the support at $2800 does not break during the pullback, then it will be safer to enter the market for rebound trading, as such a trend indicates strong buying power and sufficient market confidence.
2. Currently, the short-term liquidity in the market is mainly concentrated in the range of $2530 to $2495, and it is expected that the price of ETH will retest this support level within this week. If the price can stabilize within this range, it may provide investors with a good buying opportunity.
3. For the short-term trend of ETH, it is recommended that investors set up short positions when top signals appear, with the target price set around $2530. This strategy is based on the expectation of a possible market correction and the testing of support levels.

In summary, the rebound potential of ETH does exist, but there is still uncertainty in the market trend. Investors should remain cautious when operating, paying attention to key support and resistance levels in the market, as well as potential top signals. Meanwhile, it is important to set reasonable take-profit and stop-loss points to manage potential risks.

As previously discussed, Bitcoin ($BTC ) indeed rose to the range of 69500-69600 USD after breaking through the resistance level of 68400 USD, just as expected. Now, I want to emphasize that my main strategy for the subsequent movement of Bitcoin will be to hold short positions.

In the chat room, we have already entered some long positions when the Bitcoin price exceeded 68000 USD, and we took some profits when the price rose to 69200-69300 USD. For Ethereum (ETH), we established long positions in the range of 2640-2650 USD and also took profits twice when the price reached 2700-2750 USD. Currently, the remaining positions have been set to breakeven stop loss.

The price level of 69500 USD could indeed be the market top. From a technical standpoint, the fifth wave in the five-wave extension might have been completed around 69500 USD. However, we cannot confirm this yet and will need to wait for subsequent candlesticks for further confirmation. If 69500 USD is confirmed as the peak, it will create a suitable right-side trading opportunity to initiate short positions. If the price continues to rise, then it may be worth considering establishing short positions in the range of 70700-71700 USD, but be sure to use lower leverage. Specifically, an initial position can be established at 70700 USD, and then additional positions can be added at 71700 USD, after which the remaining positions can be held to wait for further market developments.

Bitcoin ($BTC ) reached a high of $69,500 during recent fluctuations, followed by a pullback. This price retracement is expected in technical analysis, as it may indicate a divergence between the current price and certain key technical indicators that needs to be corrected to eliminate this divergence.

From historical data, Bitcoin does face significant selling pressure above the $69,000 price range. This price range has been maintained for nearly three months, and many investors may choose to sell at this level to realize profits, thereby exerting pressure on the price.

Despite the pullback, there remains a possibility for Bitcoin to reach $70,000. Market analysts point out that if Bitcoin can break through this psychological barrier, it may trigger more buying, pushing the price further up. However, if the price experiences a false breakout after reaching $70,000, it may indicate greater uncertainty and potential pullback risks for the future market.

In addition to Bitcoin, other cryptocurrencies such as Ethereum (ETH) and other tokens starting with 'E' are also beginning to show upward trends. In particular, tokens related to decentralized finance (DeFi) and on-chain ecosystems have drawn market attention. However, it is worth noting that although these tokens have seen price increases, the exchange rates have not shown a corresponding rebound, which may indicate that the market remains cautious about the long-term value of these assets.

In this market environment, investors should remain vigilant and not blindly chase prices. If one truly wants to participate in the market, it is advisable to wait for a price retracement and confirm effective support before considering entry. At the same time, it is important to set reasonable stop-loss points to avoid significant losses in the event of adverse market movements.

The strong rise in Bitcoin ($BTC ) prices has broken through previous highs, approaching the level of $69,550. This price level is very close to a key resistance level on the weekly chart. If Bitcoin can rise another 500 points, it will be close to the high on the weekly chart. It is worth noting that Bitcoin faces considerable selling pressure above the price level of $69,000, as this price range has troubled market participants for nearly three months. Therefore, once this price level is reached, many investors may choose to sell to cut losses. In this case, the probability of Bitcoin touching $70,000 is quite high.

However, in the face of such price levels, it is not recommended for investors to blindly chase the increase. Although Bitcoin's price is gradually rising and breaking new highs, the closer it gets to $70,000, the greater the risk. In this market, if investors ignore risk management and impulsively enter the market just because they see prices rising, many may have already experienced the consequences of such actions.

Therefore, all investors are reminded not to rush to chase prices just because of the market's rise at the current price level. If you really want to chase, you should wait for a price correction and confirm that it cannot break below the support level before considering entry; at that point, you can take a gamble on a price rebound. But if the rebound cannot be sustained, you should exit the market in a timely manner. At the current price level, investors should adopt a swing trading strategy rather than holding long-term. Once the market breaks down, immediate stop-loss should be implemented. This cautious approach helps protect the investment principal and avoid unnecessary losses in market fluctuations.

Many people may not have foreseen the explosive growth of $SOL until large investment funds began to pay attention and drove its price up. Solana was initially an undervalued project with great potential, but it was not widely noticed. Then, all of a sudden, Solana's price skyrocketed and people began to rush to buy it, driving the price up further. However, those who really benefited from it were those investors who had noticed Solana's potential before the price rose.

Now, Ethereum Classic ($ETC ) seems to be going through a similar stage. Large funds and companies are quietly conducting research, analysis, and actively collecting ETC behind the scenes. These investors are looking at the long term, and they value the decentralized features and unmodified original blockchain structure provided by ETC. The appeal of ETC is that it represents the core values ​​of blockchain technology and provides stability and security, which is exactly the safe haven that large investors are looking for. These characteristics of ETC make it a solid investment option.

The best part is that these large investors are quietly building their positions, and when the public starts to notice, they may have missed the best time. One day, when you wake up, you may find that the value of ETC has reached a new height, and then you may regret not investing earlier. This is exactly what happened to Solana, and now, ETC also provides the same opportunity. Investors should pay close attention to the development trend of ETC and seize the investment opportunity instead of waiting until the price rises and then regret it.

On the daily chart, $SOL shows a tower bottom pattern, and the subsequent rise is in line with the pattern of the three methods of rising, which is usually regarded as a signal that the overall trend of the market outlook is not bad. However, this does not mean that you can blindly chase high. Before the market adjusts the neckline, SOL is unlikely to go out of the independent market. It is expected that at the 4-hour level, SOL may continue to fluctuate repeatedly.

For short-term traders, waiting for the price to step back to the lower track of the oscillation range is a strategy. The short-term support area is approximately between $151.3 and $148.9, while the upper resistance level is between $159.3 and $161.9. If the price steps back to around $150, it may be a time to consider entering the market.

It should be noted that although the tower bottom pattern is usually regarded as a signal of bottom reversal, in actual operation, investors should pay close attention to changes in trading volume and whether the price can break through the key resistance level. In actual combat, if a large volume reversal candlestick appears and breaks through the neckline of the pyramid bottom pattern, this may be a signal to intervene. At this time, you can temporarily operate with short-term thinking, and then adjust to medium- and long-term operations after the trend becomes clearer. At the same time, you should also pay attention to the overall trend of the market and possible risks, and avoid heavy positions without sufficient analysis.

In the cryptocurrency market, BOME’s volatility is quite significant. While Bitcoin ($BTC ) prices are rising, BOME seems to be exhibiting sideways or slight declines along with Solana (SOL). When SOL started to rise, BOME followed BTC and showed a downward trend. Currently, as BTC is rising again, BOME and SOL have entered a mode of shock and decline. If both BTC and SOL rise next, it is expected that BOME may fall together with other cryptocurrencies such as PEPE, showing a pattern of rotational decline.

Market analysts pointed out that the rotation phenomenon is relatively common in the cryptocurrency market, and it may be caused by a variety of factors, including market sentiment, capital flows, technological development, etc. For example, when market risk appetite is low, funds may move from high-risk assets to low-risk assets, causing the prices of some cryptocurrencies to fall, while other assets may rise in price due to inflows. In addition, market hype for certain cryptocurrencies may also lead to short-term price fluctuations. For example, PEPE, one of the memecoins, has price fluctuations affected by market sentiment and speculation.

In the current market environment, investors need to pay close attention to market dynamics, rationally analyze various factors that may affect prices, and make investment decisions based on their own risk tolerance. At the same time, you should also pay attention to the high volatility of the cryptocurrency market and avoid impulsive trading behaviors due to short-term market fluctuations.

As the end of October approaches, there have been some subtle changes in the Bitcoin ($BTC ) market. After a period of stagnation, the market has shown a trend of short selling. However, investors need to be reminded to be wary of possible short-selling behavior in the market. Usually before the price falls, the main force in the market may increase profits by inducing short selling.

Entering the weekend, due to the reduction of market liquidity, BTC's upward momentum seems a bit weak, giving people an impression of market fatigue. This has made some investors see the hope of short selling and begin to actively participate in short selling operations. However, it should be pointed out that BTC still shows a fine-tuning of the long structure on the 1-hour, 2-hour and 4-hour charts, which is a normal phenomenon after a round of big rises. The price is still consolidating above $67,850, and there is no sign of a large amount of capital flight. Therefore, heavy short selling at this time may be a gambling behavior rather than a decision based on rational analysis.

From the weekend to next Monday, BTC may only need to complete a callback of $67,450-67,850, which will accumulate strength for the market rise next week. If there is a downward test, then $65,750 may be a support level, and the possibility of further testing to $64,450 or $63,260 is relatively small. Therefore, investors should be cautious when making trading decisions and avoid heavy positions without sufficient analysis. Market fluctuations are normal, and investors should remain calm and rational, avoid chasing ups and downs, and adopt a diversified investment strategy and pay attention to risk control.

As October deepens, the arrival of the weekend has caused some changes in the Bitcoin ($BTC ) market. After a period of stagflation, the voices of short selling in the market have begun to increase. However, it is necessary to be vigilant that the main force may use this sentiment to induce short selling operations to obtain more profits.

Entering the weekend, due to the reduction of market liquidity, the upward momentum of $BTC seems to be somewhat insufficient, giving people a feeling of market fatigue. This has made some investors see the opportunity to short sell and begin to actively participate in short selling operations.

Here, it is not to completely deny the short selling strategy, but to remind everyone that BTC still maintains a long structure on the 1-hour, 2-hour and 4-hour charts. The current pullback is just a normal adjustment after this round of rise. As long as the price remains above $67,850 and there is no sign of a large amount of capital flight, heavy short selling is more like a gambling behavior rather than a layout based on rational analysis.

From the weekend to next Monday, if BTC can complete the pullback from $67,450 to $67,850, it will accumulate strength for the rise next week. If there is a downward test, then $65,750 may be a support level, and the possibility of further testing $64,450 or $63,260 is relatively small. Therefore, investors should be cautious when making trading decisions and avoid heavy positions without sufficient analysis.

The current price of $BTC Bitcoin has soared to $68,350, just one step away from the psychological level of $70,000, which can be reached with only a 2.4% increase. In addition, the price of Bitcoin is approaching the resistance area of ​​69,400 to 71,500.

In terms of foreign exchange trading, the recent peak of capital inflows and outflows occurred between October 13 and 16, but trading volume has continued to decline since then and has now dropped to the lowest level of the year. In the past two days, 3,760 Bitcoins were transferred out of the exchange, while 3,940 Bitcoins flowed in, indicating that the inflow was slightly higher than the outflow.

Since mid-October, the number of addresses actively sending Bitcoin has been decreasing, while the number of addresses receiving Bitcoin has been increasing. It increased from 379,545 addresses on October 13 to 625,308 on October 18. This trend shows that the number of people buying Bitcoin exceeds the number of sellers, and the number of addresses receiving Bitcoin is increasing, while the number of sending addresses is decreasing.

The trading price of $SOL /USDT is currently at $157.17. The market structure shows a certain upward trend, and in previous transactions, the $110 level has shown its strength as a bottom support. Recently, SOL/USDT encountered a pullback after breaking through $193.98, but found a rebound point near $110 and is currently in a rebound repair stage. We analyze this trend from the perspective of the daily chart.

In terms of structural analysis, a strong support area has been formed near $110, providing a solid bottom foundation for SOL/USDT. The short-term resistance is at $167.39. Once the price can break through this level, it is possible to continue to challenge the historical high of $193.98. In addition, the rebound trend of the short-term moving averages MA5 and MA10 shows that the upward momentum of the market is increasing.

Regarding the target price, if SOL/USDT can break through the resistance of $167.39, it may continue to challenge the historical high of $193.98. If the upward momentum of the market is strong enough, you can consider setting the target price at around $200.

In terms of the stop-loss strategy, it is recommended to consider partial stop-loss when the price approaches the historical high of $193.98 to avoid possible price corrections. For more conservative strategies, you can consider stop-loss in the range of $180-190. At the same time, it is recommended to set the stop-loss at $150. If the price falls below this level, SOL/USDT may further pull back to the support level of $136.59 or lower.

Although the current market shows positive signs, given the high volatility of the cryptocurrency market, prices can change rapidly. Therefore, investors should be cautious when making trading decisions and consider their personal risk tolerance.

After four and a half months, the price of $SOL has returned to the range of $159.78 to $165.78. Do you think $SOL will break through this range this time? In my opinion, SOL has already broken through in advance.

$BTC The open interest volume of Bitcoin across the entire network has reached a record high, exceeding US$40 billion. This means that the level of leverage in the market has increased significantly, and every time the position reaches a peak, the main force usually carries out large-scale liquidation operations, causing violent price fluctuations. Therefore, the risk of Bitcoin longs being liquidated is increasing.

Currently, the market performance of Ethereum ($ETH ) and Solana ($SOL ) is relatively stable. In contrast, how long Bitcoin can maintain its strength is a question worth paying attention to. High positions and leverage levels may cause market volatility in the short term, and investors should remain vigilant and avoid over-optimism.

From the daily level, $SOL /USDT is currently trading at $159.17, showing a relatively obvious upward momentum since rebounding from a low of $110. The following are the technical analysis points for SOL/USDT:

First, pay attention to support and resistance levels. The $136.59 level is a key support level in the near term, and if the price falls back, this position may become the starting point for a rebound. On the other hand, $167.39 constitutes a closer resistance level, and once the price breaks through this level, it may continue to challenge the historical high of $193.98.

Second, determine the target price. In the short term, the upward target can be set in the range of $167 to $170. If the price can break through this area, it may further move towards the previous high near $190.

Furthermore, consider the stop-profit strategy. If the price rebounds to $167.39 or close to the previous high in the short term, the stop-profit operation can be gradually carried out in this price range. If the price can break through $193.98, the next target can be set above $200.

Finally, set a stop loss point. If the price falls below the support level of $136.59, you can consider executing a stop loss operation to avoid the risk of further price decline.

In summary, SOL/USDT has shown certain upward potential in the current market environment. Investors should pay close attention to the technical analysis points mentioned above and formulate corresponding trading strategies accordingly.