Attention, just now, Wall Street announced a major move: the Chicago Mercantile Exchange suddenly announced that the futures for SOL and XRP are officially launching the TAS function! What does this mean? In simple terms, it means that large institutions can now accurately 'lock in' positions using the closing settlement price, which opens a highway for institutions to enter the SOL market.
News interpretation: Don't just look at the surface
Many newcomers see this kind of news and shout, 'Good news is here, let's rush in quickly!' But we need to see through the essence. The TAS function is indeed a significant long-term benefit, indicating that SOL has been officially 'certified' by traditional financial giants, and more stable funds will enter the market subsequently. However, remember that institutions never build positions by shouting and rushing in; they buy quietly in batches. So don't expect one piece of news to make the coin price soar in the short term; instead, be wary of the old routine of 'selling the good news.'
Technical Analysis: Key positions have been marked.
Let's look at the one-hour chart annotated by Qi He, with a few numbers to keep an eye on:
Upper iron top: 134 resistance level
Long-short lifeline: 129 key level
Lower defense line: 127 key support → 123 strong support → 117 final defense line
Currently, the price is stuck at 129, and the MACD has just crossed above the 0 axis; this is a weak rebound signal. The trading volume has increased a bit, indicating that someone is testing the waters. But remember, a golden cross below the 0 axis usually has limited rebound strength.
What should players do? Qi He gives you straightforward strategies.
If you are in cash/under-leveraged: Don't get itchy hands! Now is not the time to chase the rise, nor is it urgent to bottom fish. The best posture is to wait. Wait for the price to show stabilization signals around 127 and have trading volume to support it, then consider testing with a small position.
Qi He's Perspective:
Tonight, SOL is unlikely to experience a one-sided surge or crash; it is more likely to undergo violent fluctuations within a range, digesting the long and short divergences.
Is it possible to soar to 134 directly? Difficult! There are heavy pressures above, and market sentiment is leaning bearish. Relying solely on a TAS long-term positive news is unlikely to immediately reverse the hourly downtrend. Without sustained large buying pressure, 134 is a huge mountain.
Where will it drop to? 123 or 127? I lean more towards the key position near 127. Since there is news from the CME providing support, the bears do not dare to be too reckless.
I am Qi He from the cryptocurrency circle. Follow me, and I will teach you how to seize this market wave and catch the whole fish! If you don’t know how to time your entries, Qi He will provide real-time analysis in the village and give the current best entry points.
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