Did you see last night's 'high-altitude diving' of SOL? It plummeted from $135 to $123 following the market, and now it is barely holding around $126, but it's obvious—this rebound is very weak!
News: The whale has already made it clear and is going all in!
Just broke the news, the whale address 0x35d has directly increased leverage by 20 times to short SOL madly, and the floating profit is already close to 16 million dollars! This is not a small matter; it's clearly a bet with real money that SOL will drop further. The whale daring to play this way indicates that market sentiment is very pessimistic, and large funds do not expect a short-term rebound. If you're not clear about the specific points, you can follow Tianji, who provides real-time reminders 24 hours a day to friends who have paid attention to me.
Technical analysis: All bearish signals, the rebound is like 'boiling a frog in warm water'
"Volume spikes on declines, volume shrinks on rises": trading volume surges during declines, but few people follow during rebounds, a typical bearish control.
MACD struggling underwater: Although it's about to golden cross, it's forming an 'underwater golden cross' below the zero axis, which often indicates a weak rebound; it won't bounce high or last long.
Key level is on the verge of collapse: last night the lowest dipped to 123.5, almost breaking the strong intraday support at 120. This position is now a lifeline; once it breaks, there is basically no decent support below, directly looking at 100.
The pressure above is also obvious: the rebound first looks at 128, strong pressure at 136-138, but with the current trading volume, it's too difficult to break through.
Today's thoughts: Aggressive players can short directly near 127, those holding shorts can continue to hold; conservative players should wait for a rebound to the key level around 128 before entering, paying attention to the volume situation at that time, and remember to set a protective price! Specific situations should be analyzed specifically; everyone's position is different. For more detailed thoughts, follow Tianji, enter the village, and lead!
Personal opinion: Minor rebound during the day, the night determines life and death
I think the day may continue to fluctuate weakly, even bouncing slightly to around 128, but that only provides better positions for bears to add. The real battle will be at night; tonight at 21:30 there will be major non-farm data. Whether it continues to plummet or makes a desperate counterattack depends on tonight. If it can hold at 120 this evening, it can continue to grind in the large range of 120-145. But if 120 breaks, don't hesitate; the trend will completely turn bearish, and the next stop is likely 100.
There are no gods in the crypto circle, only teachers with good mindsets. If you don't know what an effective breakout is or which coins can yield 10 times, follow Tianji, enter the village, and lead!
