Bitcoin has broken below 70,000, and the momentum has shifted in a negative direction. Overall, it can be described in two words: weakening. Market sentiment is also starting to panic, with panic selling emerging, and many people's first instinct is to continue shorting.



The most brutal market movements often coincide with the most extreme sentiment. The more others panic and the more one-sided the action becomes, the more likely the market reverses. Besides, trading goes against human nature.

Looking at SOL, there's been no significant volatility these past two days—frankly, it's just a lack of volume. On one hand, liquidity is shrinking, and on the other hand, with the price breaking below 100, capital is taking a wait-and-see approach, hesitant to make hasty moves.

But it's precisely during these quiet periods that opportunities are brewing. From a structural perspective, SOL has clear support around the 85-86 level, and there are buyers at these lower prices. Shorting at these levels has poor risk-reward potential.

Therefore, Xiao Zhuge recommends considering taking a light long position around 86 to bet on a bounce and recovery. Watch 92 overhead first, with a breakout target of 95. When you reach these levels, remember to take profits in stages—don't get greedy.
$ETH $WOO
ETH-4.65%
WOO-5.49%
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