Friends, I am Qi He. Tonight I am watching the market and seeing the trend of SOL; then I brushed past that news about '2026 BTC/SOL co-creating a historical high.' I couldn't sit still and had to clarify this with you. Don't let the title's 'new high' cloud your judgment; we must first get past the pit in front of us!
News aspect: it is 'distant water,' while the market is 'near fire.'
First, look at that message; a partner from Delphi Ventures said that 2026 will see a historical high. This is not wrong, and I believe it too. Wall Street is entering the market, and agreements are developing; this is the fundamental aspect of the long term, the 'sugar of the future.' But what was his first reminder? 'Absolutely do not use leverage!' This is a bloody lesson. He also mentioned that the market is currently digesting the 'forced liquidation' event of October, like a rubber band that has been violently pulled. Do you understand? The long term is like a 'rubber band' that will bounce back to innovate new highs, but in the short term, it is in the 'digestion and oscillation period before the rebound after letting go.' So, do not use the 'dream of 2026' to guide 'tonight's operations.'
Technical aspect: Bulls and bears are ‘arm wrestling’ in the range of 121-126.
Pressure is mounting: The upper yellow line at 130 is strong resistance, and the purple line at 126 is the first hurdle. The current price is 122.9, being pressed below 126.
Key support: The green line at 121 is the recent target support, and the red line at 116 is a deeper defense line.
Core signal: The MACD is above the 0 axis, but the white line has already crossed downwards! This is the most concerning signal of a ‘top divergence’ forming. The price hasn’t dropped too deep yet, but the upward momentum has already weakened. Coupled with the downward trend, it indicates that bulls are retreating, while bears are probing.
Plain operating principles for players:
For those holding positions: Don't hold on stubbornly! Set 126 as your last defense line, if it effectively breaks down, you must reduce your position or cut losses. Don’t let the 'new high of 2026' cause you to fall victim to tonight’s pullback.
For those wanting to join: Keep your hands steady! Remember what your partner said, don’t use leverage. If you are truly optimistic, use the ‘batch order’ method: place a small order near 121, and another one near 116. Use idle funds, just like regular investment, to average down costs. Never go all-in on an uncertain support level.
For those watching with no positions: You are the smartest. The best operation now might just be to wait. Wait for a clear signal: either a strong breakout with volume that firmly stands above 126, reversing the trend; or a drop to 121/116, followed by clear signs of stabilizing. Don’t act until you see the rabbit.
Personal opinion from Qi He: How will it go tonight? What should players do?
I think a direct breakout above 130 with significant volume tonight is a low-probability event. The more likely scenario is that the market will again test the 126 level downwards, and it is quite possible it won’t hold, touching the supports at 121 or even 116. Why?
Because that ‘good news’ is long-term, while the MACD’s death cross is immediate. The market needs to first digest the indecisive chips, washing out those who rush in at the sight of good news but panic at the first sign of turbulence, before it can charge ahead more lightly. If 126 holds, there could be a small rebound, but the expected range is limited; if 126 breaks, look for 121.
I am Qi He from the cryptocurrency circle, follow me for tips on how to seize this market wave and catch the full fish! For those unsure of when to act, I will provide real-time analysis in the village, giving the current best entry points. Follow Qi He for timely breakdowns of subsequent capital movements and seize every profit window!