The fluctuations in the crypto world are never static; it's a tug-of-war between bulls and bears behind the scenes, just waiting to see who flips the table first.
Today, looking at the 4-hour chart of SOL, the familiar 'range script' is playing out again - in the early morning, it slid down about 3 points from 139 USD, and now it's hovering around 132 USD, neither breaking the 'life-saving support' at 130 nor touching the 'resistance ceiling' at 137. This market looks grinding, but if we peel back today's news and on-chain data, it's all 'dark lines'.
Let's talk about today's 'two ends blocked': on one side, SOL's ETF is still 'secretly stocking up' - Bitwise's BSOL and Grayscale's GSOL have accumulated almost 770,000 SOL over the past 7 days, worth around 98 million USD; institutions are treating this volatility as a 'buying opportunity'; but on the other side, that 'old giant whale' who held SOL for 4 years sold 100,000 SOL again yesterday, adding to the previously dumped 610,000 SOL, meaning this guy has cashed out over 100 million. Are you saying this is bearish? Yet, a new whale just withdrew 200,000 SOL from Binance to lock in and earn interest - this gets interesting: old players 'cash out for safety', new funds 'buy low', and right now, SOL is just institutions and whales 'exchanging chips'.
Here’s my personal view: today’s fluctuations are not "directionless", but rather "playing dead before gathering strength". You see on December 10th, when SOL fell to $127, the DEX trading volume suddenly increased by 12%, with retail investors buying in; now the "short liquidations" in the futures market have exploded to $2.93 million, more than double the longs — this indicates that those shorting are almost unable to hold on. Just like last week after the Fed cut interest rates, SOL shot up from $126 to $145, as the shorts were "swept away in one wave", today’s situation is very much like a "rehearsal before history repeats itself".
For today’s example: at 10 AM, there was a large transaction of 85,000 SOL, and the price was just stuck at $132, with buy orders completely absorbing the sell orders — this is not something retail investors can orchestrate, it’s most likely the "smart money" supporting the base. Looking at the technicals, the RSI has already fallen to 40, and the green bars of the MACD are narrowing, all signals of "turning upwards" — it just needs an "explosion point" — either a certain NFT project in the Solana ecosystem suddenly becomes popular, or the overall market BTC stabilizes at $90,000, and SOL can directly rush to $140.
Of course, the risks must be clearly stated: if it breaks $130 before the market closes today, then we should look at the support at $129 in the short term, and don’t stubbornly hold; but if it can stabilize at $135, it’s fine to chase after it directly to see $144 — in this market, "don’t bet on direction, bet on rhythm", buying on dips during fluctuations is ten times safer than chasing high after a breakout.
Lastly, let me ask everyone: do you think today’s $132 is the "warning line" that the wolves are coming, or the "entry point" where the meat is buried? The master has prepared the bullets around $130 anyway — the opportunities in the crypto circle are never about waiting for a "clear signal", but rather identifying who is "secretly increasing their positions" during fluctuations.
If SOL breaks $137 tomorrow, I will directly post a "buy signal" in the comments; if it crashes to $129, let’s see who can get the "floor price" first. In this market, only those who can endure will be able to wait for the whistle of the rally.
Twelve years in the financial world, the exclusive secrets of pioneers in the crypto circle: insight into the market, steady progress, pay attention to how the master teaches you to steadily appreciate, risks and opportunities coexist in investment, blind operations are a big taboo in the crypto circle!
