$SOL Last week, the market has been in a state of recovery after testing the 65,000 mark. Although there was no strong rebound, the recovery sentiment was obvious and the atmosphere of adjustment was relatively strong. Although the overall rhythm was relatively slow, this week is still biased towards A state of first long and then short.
From the technical structure point of view, in the four-hour level line, the price fluctuated downwards and entered the consolidation stage, returning to the middle track. The current running channel channel has formed a flat state, the long volume can be arranged and released, and the moving average has gone lower and circuitous, showing a hook trend. The small-cycle recovery upward trend is still ongoing.
In the one-hour level line, the price broke through upward after shrinking and finishing, and the running channel formed the effect of gradually extending upward. The volume can remain strong in the long direction, and the overall legitimate shock sentiment is strong, but there is no continuation of the weak decline. In the short term, There is insufficient room for consolidation, but the upside is still dominant.
Judging from the recent trend, Ether is obviously stronger than the big pie. As the time for Ethereum’s ETF to start trading is getting closer, it will be time to follow its own market. The rebound of Ether has not yet ended, and the moving average continues Keep moving upward. In the short-term, after stepping back, continue to take advantage of the trend and wait for the bulls to weaken, then choose the opportunity to enter the short position. $BTC $ETH