#数字货币市场洞察 Do you remember back on December 4? I said that $SOL might drop to around 132.2. And what happened? It hit a low of 130.81. Now the question is—does this count as the bottom?

Let’s talk about the current technical pattern. From the green dot to the red dot, it’s either a five-wave impulse structure (which means after the correction, there’s more upside to come), or it’s a zigzag correction (in which case the rebound might be a selling opportunity, and there could be new lows ahead).

After the red dot, things get even more interesting. I see three possibilities:
First, a double zigzag correction, in which case 130.81 is basically the bottom of the dip;
Second, a triple zigzag structure, which would mean it needs to drop further to around 127.85;
Third... a direct top confirmation, getting ready for a deeper pullback.

How to judge which scenario? It depends on the subsequent candlestick patterns and changes in trading volume. Which path do you think it will take? Personally, I’m more inclined to watch whether the key support at 130 can hold.