#加密用户突破1800万 Evening Market Overview on January 12

Is SOL about to take off?

FTX's compensation will begin on January 3, when the biggest impact of FTX's bankruptcy was on SOL, causing the coin price to drop to single digits, shattering many people's dreams.

In the early morning of the 19th, Powell announced whether the Federal Reserve would cut interest rates by 25 basis points this month. In fact, everyone knows that a rate cut this month is a done deal. Bitcoin is consolidating at a high level, and altcoins need news to catch up, so everyone is waiting for the Federal Reserve's meeting to announce this positive news to stimulate the altcoin market's catch-up. Hold onto your chips, and those in cash can wait for a pullback to enter and prepare for the second round of altcoin catch-up.

SOL 4H is an incomplete Gartley pattern, with BC established, predicting the D point at 237.63, which is also a major resistance level. If it breaks through here, we will see heights of 250-260; meanwhile, if it can't break through the PRZ reversal zone, it will continue to pull back. According to the Gartley pattern, there is a shorting opportunity at D point, with a stop loss at 247, T1 target at 224, and T2 target at 216.

The above information is for analysis purposes only and should not be taken as trading advice; follow me to stay on track for the latest news and point analysis every day, and for the wealth code you want. Remember to like and follow!