SOL Briefly explain the idea

Currently, after the price rebounds to around 87–88, it’s clearly losing momentum. The previous high at 90.32 is a strong resistance, and multiple attempts to push higher have been pushed back down.

The MA7 and MA30 just formed a golden cross, but the support strength isn’t enough. The price repeatedly pushes up and then falls back, with a risk of a death cross again. During the rebound, there’s no sign of sustained volume increase, and many candlesticks have upper shadows. In other words, there’s significant selling pressure above.

Overall, this move seems more like a correction during a downtrend rather than a trend reversal.

Reference strategy:
Consider shorting around 90–95,
First target 85,
Second target 80,
If it breaks down and weakens, look toward 70.

Wait for the right entry point, set stop-loss, don’t chase the rally. #欧盟计划推出央行稳定币 #Strategy上周购入3,015枚比特币 #当前行情抄底还是观望？ #原油价格飙升 $BTC $ETH $SOL