Looking at the short cycle of 1 hour, the relative strength index (RSI) for $SOL USDT has fallen to 21.68, entering a severely oversold range, with the price simultaneously breaking below the lower Bollinger Band. The short-term oversold status is clear, indicating a demand for technical correction.
In the medium cycle of 4 hours, the MACD indicator has formed a death cross, and the histogram is showing a downward divergence trend. The bearish trend momentum is still in the release phase, and there is no clear reversal signal in the mid-term downward structure.
Order flow data shows that the buy orders in the price range of 83.2-83.3 are significantly thicker than the sell orders at the same time, indicating strong support below and clear intention to absorb funds at low levels. The long lower shadow formed by this rapid decline, accompanied by increased buy orders, aligns more with the feature of main funds actively absorbing selling pressure and accumulating at key support levels.
In terms of funds and positions, during this price decline, the contract open interest has remained relatively stable, with no significant reduction as prices fell, indicating that long positions have not experienced a massive stop-loss escape and market bullish sentiment has not completely dissipated. At the same time, the perpetual contract funding rate remains negative and the degree of negativity is increasing, reflecting that the market's short positions are overly crowded. Once buy orders push the price upward, the concentrated stop-loss of short positions is likely to trigger a short squeeze, providing extra momentum for price rebounds.
• Trading direction: Long, waiting for entry orders
• Entry order range: 82.50-82.69
• Stop-loss setting: 80.86
• Profit target: First target 90.02,
Second target 93.68
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