I am Bai Yue! Just now, while watching the market, I received an explosive piece of news. Combined with our 4-hour chart trend, I discovered an astonishing coincidence! I must share this with you today, as it could very well determine your earnings for the next month!
News: Wall Street has revealed its cards, going crazy on bottom fishing!
Just yesterday, the US SOL spot ETF saw a net inflow of 15.7 million USD in a single day! Make sure to understand, it's a net inflow! The big players are top institutions like Bitwise and Fidelity. This signal is stronger than gold! What does this mean? While we retail investors hesitate, the Wall Street giants, armed with the best information and analytical capabilities, are continuously buying SOL with real money. This is not short-term speculation; this is a long-term layout of the 'revealed cards' type. Large funds are hoarding here, savor it, really savor it!
Technical analysis: all negative news has been digested by this 'magical point'!
Now, let's take a look at this 1-hour chart, which is full of information! The Bollinger Bands are opening downwards, the MACD is green, and on the surface, it appears to be a bearish trend, which might scare off many beginners. However, take note! The price is firmly pinned above the 'first support level 132.92' and the 'second support level 132.07', this double fortress!
The current price is $132, exactly here. The chart clearly marks 'consolidation' and 'I am bullish on the current market'. What does this indicate? It indicates that although the short-term indicators are weak, resembling a 'squat', the price shows strong resilience in the core support area, unable to fall further!
This is clearly the main force 'consolidating' in the key support area, a classic move of accumulating positions. The 'watershed 135.77' and 'first resistance level 140.61' above are the upcoming first and second targets.
Baiyue's exclusive viewpoint:
My conclusion is very clear: this is a 'golden pit', a moment when the opportunity outweighs the risk! The news and technical aspects (key support is effective) have formed a strong resonance. The 132-133 area, under the support of giant whale funds, has already become a strong 'gravity zone'. The downward space has been sealed off by this 'iron bottom' and institutional buying; and once accumulation is completed, the upward space (first looking at 140.6, then at 147) will be completely opened.
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