Crypto friends, I am Zhao Gongming. $SOL Good news again - yesterday, the net inflow of the US spot ETF was 15.7 million dollars, and institutions are still quietly increasing their positions! But strangely, the price seems to be 'stuck' around 134, neither rising nor falling. Is this the 'calm before the storm', or the 'struggle after good news has been exhausted'? Follow Zhao Gongming, and I will clarify this for you!
News: The more institutions buy, the more retail investors need to be cautious!
Two consecutive days of capital inflow indicate that institutions are optimistic about the long-term value of SOL. But you need to understand: why is money coming in, but the price isn't rising? This likely means that the current price has already reflected these positive factors, and some funds might be taking the opportunity to 'distribute at a high'.
Remember, in the cryptocurrency market, 'good news not rising' is often more dangerous than 'bad news crashing.'
Technical aspect: 138 is the 'mirror to reveal the truth,' showing the true nature of bulls and bears!
The 1-hour chart is clear: 138 is the 'dead line' that determines the short-term direction; if it can stand above it, we can look at 144; if it can't, it may continue to test the bottom.
Although the MACD has a golden cross below the zero axis, it shows 'insufficient energy,' indicating that the rebound is very weak. If the price can't even break through 134.5-135, it is highly likely to test lower again, with the first support at 131.5-132.5 and strong support at 131.
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Zhao Gongming gives you the bottom line:
Zhao Gongming believes: looking at the rebound in the short term, but the trend has not reversed! The rebound is an opportunity for you to short, not a reason to chase the rise.
If you have a long position: don't be too optimistic! If the price rebounds and stagnates around 135, it is recommended to reduce your position or exit. Don't wait until it breaks 131 to regret.
If you want to operate: the main idea is to short on highs. The ideal short position is around 135, with a stop loss above 137. The target first looks at 131.5, and after breaking 131, look towards around 125.
In a downtrend, 'a rebound is an opportunity to escape, not courage to add to your position.'
If you are always confused by this kind of 'good news not rising' market, getting stuck as soon as you enter; if you want to know how to predict the direction of the market change in advance through 'capital flow' and 'price action,' you can follow Zhao Gongming. Teach you how to use 'ETF capital flow' and 'technical level breakthroughs' to capture high win-rate trading points and not be slapped in the face by the market anymore!#加密市场观察
