I am Zhou Yi. Just after finishing the market analysis, I discovered a major event—SOL's one-hour chart suddenly showed a bizarre trend! And today, the Bank of Japan unexpectedly announced an interest rate hike, with rates reaching a 30-year high! With these two events colliding, will SOL soar or plummet tonight? If you hold SOL, you might need to read this article three times.
News:
This afternoon, the Governor of the Bank of Japan directly took a hawkish stance, announcing an interest rate hike to 0.75% and hinting that 'it will continue to increase.' Global liquidity is tightening, and risk assets are the first to be affected. Don’t be fooled by SOL's current rebound on low volume; the overall environment has quietly changed!
Technical aspect:
Although the MACD has formed a 'death cross to golden cross' below the 0 axis, looking like it may rebound, don't forget—this is a shrinking rise after a volume decline, and the strength is questionable. The resistance levels are clear: 126.95 is the first level, and 129.62 is the strong resistance ceiling. Support below: 121.82 is the intraday support, and 119.22 is the real bottom card.
Zhou Yi's viewpoint:
I believe this rebound of SOL is just a technical repair, and the overall trend is still to short on rallies. Especially if it reaches the 126.95~129.62 range, it would be a free short opportunity. First, we need to see if the 124.55–121.82 range can hold. If it breaks down, look out for 119.22!
Zhou Yi's advice:
If you currently hold SOL, it is advised to reduce positions when it rebounds near 126.95. Those without positions should not chase the high; patiently wait to open short near the resistance level, with a stop loss above 130, targeting 121.82. If it really drops to around 119.22, you can try a small position for a rebound, but be quick in and out!
The market is always changing, but the logic and rhythm can be grasped. I am Zhou Yi, not only telling you the points, but also helping you understand the language behind the market. Follow Zhou Yi and join my village; I will be here on time tomorrow to help you keep a close eye on SOL's next direction. #美国初请失业金人数 $SOL
