Recently, I took a close look at SOL's 1-hour K-line, and the technical signals are indeed a bit sobering. As a trader who has been following the market for years, I need to share this analysis—short-term caution against bearish movements.

From the technical indicators, the price is repeatedly oscillating below the middle band of the Bollinger Bands at 136.42. Even worse, the MA7 (136.29) and MA30 (137.12) have already turned downward, forming a clear death cross—this is a hallmark bearish signal. The closing price at 136.64 broke below the middle band, with the lower Bollinger Band at 134.42 supporting. Once this level is lost, SOL could head straight toward around 134.

On-chain data currently shows no significant improvement; large funds are not flowing in noticeably, and there’s no apparent bullish on-chain activity. The news sentiment is also surprisingly calm, lacking enough catalysts to turn the situation around. Overall, the market atmosphere is indeed leaning towards the downside.

Honestly, I am both nervous and firm right now. The nervousness comes from the market’s rapid changes—one wrong step and you get trapped. The firmness comes from the fact that this technical analysis system has never let me down—warning at the top, bottom-fishing at the lows, I’ve been quite accurate with SOL’s movements. So this time, I maintain a bearish outlook. The operational suggestion is to stay cautious, observe carefully, or take small short positions, with a stop-loss above the upper band at 138.42.

Opportunities in the crypto space are plentiful, but what’s truly scarce is that calm rationality. Follow the logic, avoid pitfalls together, and make steady profits!