Brothers, I am Mig.
SOL has been falling all day, dropping to around 120 at its lowest. Are many people already starting to panic? Don't be afraid, I'll help you break it down step by step.
News: Why do big players say 'once it breaks the moving average, the funds will run away'?
Today, Wintermute OTC head Jake's view actually revealed a key logic: moving averages are not just lines, but also a thermometer of market sentiment.
BTC, ETH, and SOL are all operating below key moving averages, indicating that short-term trend funds are already retreating — this is not a guess, but the attitude of large institutions in real trading. Once they leave, the market feels like the ladder has been pulled away, rebound lacks strength, and declines accelerate.
Mig's Summary: The news is bearish, and funds are still in a wait-and-see mode; don't easily catch falling knives. If you're unclear on specific entry points, pay attention to the leaders, who will provide real-time reminders for brothers who have followed me for 24 hours. Chat Room
Technical Analysis: What does the 4-hour chart say?
Currently, SOL is stuck at 122.39, with the MACD double lines firmly below the 0 axis; this is standard for a bearish pattern.
The upper range of 125-126 is not only a resistance level but also a psychological defense line for bulls and bears—if it does not break with volume, all rises can only be called rebounds. The key support below is at 118-116; if it breaks, the market will look for a bottom around 110-105.
Mig's Summary: The technicals are dominated by bears, 125-126 is the dividing line between strength and weakness. Whether it breaks or not will determine the market direction. Where exactly to enter, and where to set the stop-loss most safely? Mig Village has already given the reminder; for those who want to follow, become a Mig villager! Chat Room
Retail investor operation suggestion: what should you do now?
For those with heavy positions: reduce positions as the rebound approaches 125-126; do not bet on a breakthrough;
For those looking to buy the dip: consider lightly testing the waters around 116 again, and gradually layout below 110;
For those with no positions: watch more and act less; consider following up only after firmly standing above 126.
Remember: the market moves out, not guessed. Discipline is more important than prediction.
Mig's Personal Opinion:
My judgment is clear: there is a high probability that it will test support again tonight. Currently, there are no sudden positive news, and funds are hesitant to flow back; moreover, the technical pressure is evident, the volume is insufficient, and the upward momentum is limited; market sentiment remains fearful, easily amplifying declines. If 118-116 holds, there could be a small rebound; if it doesn't hold, the 110-105 range is worth paying attention to for medium to long-term.
Mig's Summary: Before the trend turns strong, rebounds are opportunities for you to reduce positions or wait.
The market always has opportunities; the key is to operate calmly. Mig will continue to help everyone keep an eye on the on-chain dynamics, moving steadily forward together! Follow Mig, participate in every attack of Mig villagers! Mig will announce the specific entry times and real-time news daily in the village!
