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This Week’s Theme: #WillBTCHit120K
📅 Event Period: Oct 28 – Nov 2, 24:00 (UTC+8)
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Share your market view on this week’s theme: #WillBTCHit120K ?
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#加密市场回调 The latest data shows that the SOL price is experiencing a downward trend, currently down 4.19%, accompanied by a net outflow of 282 million in funds. From a Technical Analysis perspective, the MACD indicator has formed a death cross and the green histogram shows an expanding trend, while the support from the lower band of the BOLL is insufficient. These signals collectively indicate that the short-term market is undergoing capital withdrawal, with bearish forces dominating. The current trading range of $SOL is worth following, especially the 200-195 price range, which may become a get on board point for shorting, with downward target levels to watch being around the support of 190 and 185.