The daily chart shows a small bullish candlestick in a doji pattern, with trading volume roughly the same as yesterday, indicating a trend of oscillating upwards.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening upward momentum from last week above the zero axis.
It is important to note that the MACD volume bars are getting shorter, indicating a decrease in upward momentum and increasing pressure. Currently, the trend remains a strong oscillating upward movement, but in the past two days, we have advised everyone to be cautious of potential downward pullbacks. Once Bitcoin shows signs of a downward pullback, SOL will undoubtedly follow suit, but the extent of the decline does not seem significant at this moment. Therefore, contract traders should avoid chasing highs, and any long positions should be promptly closed for profit while waiting for a pullback to find a re-entry point.
On a larger weekly scale, the bullish trend remains unchanged; do not be concerned about daily fluctuations, as the larger movements are still to come.
Daily resistance levels are at 193.6-202.4-220-240, while support levels are at 175.7-162.3-155.1-143.9.
From an hourly perspective, it is currently showing a 2-hour rebound within an 8-hour rebound, reaching a new high and returning to the zero axis of the 2-hour trend.
In the short term, a short position can be taken at 184.2, and long positions can be initiated at 175.8 and 165.8.
From the three-day settlement heat map,
Price is rising, with a large number of significant short positions waiting to be settled in the 183.4-188.2 range.
Price is falling, with a large number of significant and oversized long positions waiting to be settled in the 176-168 range.
