📊 March 4th SOL Technical Analysis (as of 18:00)

Current Price: approximately $85.8, narrow fluctuations, bulls and bears are at a stalemate

I. Key Price Levels (Intraday)

- Resistance Levels: 87 → 89 → 90 (Strong Resistance)
- Support Levels: 84 → 83 → 80 (Strong Support)

II. Cycle Structure

- Daily Chart: Oscillating within a downward channel; the 200-day moving average around 85 is the dividing line between bulls and bears; long-term moving averages are in a bearish alignment, medium-term slightly bearish
- 4-Hour Chart: Rectangular/converging triangle consolidation; MACD bearish momentum weakening, showing a rebound correction need
- 1-Hour Chart: 5/10/20 moving averages are converging; RSI 45–50 neutral, waiting for a directional choice

III. Indicators and Volume

- MACD: Daily chart shows a failed golden cross below the zero line, rebound with no volume, decline with increasing volume, funds are on the sidelines
- RSI: Neutral at 45, not overbought/oversold, clear oscillation pattern
- Volume: Overall decreasing, lacking breakout momentum, mainly range trading

IV. Intraday Strategy (for reference only, not investment advice)

- Primarily shorting at high levels: rebound to 88–89, small short position, stop loss at 90.5, targets 86 → 84 → 83
- Supplementary long positions at low levels: retrace to 83–84, small long position, stop loss at 82, targets 86 → 88
- Breakout handling:
- Volume breakout above 90 → exit short positions, watch or lightly long
- Valid break below 83 → accelerate downward to 80 → 78

V. Market Outlook (1–2 weeks)

- Most likely: Range oscillation between 80–90, awaiting BTC and macro signals for guidance
- Break above 90 → target 95 → 100
- Break below 80 → target 78 → 75