A large bearish candlestick has broken through a key level, and the backend is buzzing with talk of bottom fishing, but do you really understand this chart and this message? The core contradiction is that at this moment, you who are focused on SOL must be entangled in two completely opposing messages.
News aspect:
On the other side, there is a hot news push: The U.S. financial regulatory agency OCC has just conditionally approved the trust bank licenses for five institutions including Ripple and Circle! The high walls between the crypto world and traditional finance have been breached with a huge gap.
Technical aspect:
On one side is the cold K-line chart: 4-hour level, the price is firmly stuck around 132.7 and unable to move. The rebound pressure at 140 is like a wall, and the more critical position at 134 has already been marked in red. The two lines of MACD have long fallen below the 0 axis, clearly showing a textbook-style “death cross” confirming the downtrend.
Qihe's personal opinion:
Don't let 'great news' cloud your judgment. The long-term value of this news is unquestionable; it is a foundational level progress in the industry. Its greatest role is to support and build long-term market confidence, preventing panic selling, but expecting it to reverse a formed 4-hour downward trend within hours is unrealistic.
Key position. A picture speaks a thousand words; the upper level of 140 is the first major hurdle, the 'high-pressure line' for the rebound. In the current bear-dominated situation, it is unlikely to burst through directly tonight. The more likely scenario is that the price rebounds up due to the news, tests the resistance in the 138-140 range, and then falls back.
The real test is below. Tonight's focus is not on how high it can go, but whether it can hold the critical level of 134 when it falls back. If it can't hold, the next target will be around 128.
What should the player do?
I know you either have a position or are holding U waiting. Here are two strategies for you:
If you have coins:
Don't panic and cut losses during a decline. Wait for a rebound and pay attention to the 138-140 area. If the price struggles to rise here and the trading volume doesn't keep up, this is your opportunity to reduce your position and lower the pressure.
If you are currently flat or want to operate:
Remember the mantra: 'Follow the big trend, counter the small rebounds.' The current big trend on the 4-hour chart is downward, so what you need to do is patiently wait for it to rebound to the resistance level and show signs of weakness before trying to enter a short position with a small amount.
I know what you want to ask: 'Qihe, when can I safely buy the dip? What is the real rebound signal?' Tonight, I will share in my 'Qihe Village'. If you want to know, find Qihe + chat room.
Want to know? Follow Qihe. I won't give vague directions, I will tell you in plain words what the market is doing and what we should do. + Chat room to help you avoid pitfalls, and break down the subsequent capital movements in real time, capturing every profit window!$SOL #美联储降息
