Today's short-term prediction for ETH also played out. $ETH
We spotted the downtrend of progressively lower highs in advance. Bulls lacked the strength to extend the rebound into the resistance zone, and it weakened alongside BTC. With market news constantly stirring things up, stay calm, understand the market's correlations, and patiently wait for price action to validate the thesis.
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Xiaoxin | 11.12 Solana Outlook$SOL
Short around 83.8-84.2 on a rebound, with a stop above 84.8; target 83.0-82.5. Try a long if it stabilizes near 82.5 on a retest.
After an early-session spike, bullish momentum quickly faded and failed to extend the breakout. The market formed a weak structure with highs continuing to move lower, and bears are in control overall. This rebound is merely a technical recovery after the decline, not a reversal signal. The previous support in our shorting zone has already broken and has now turned into strong resistance. With Bitcoin and Ethereum also weak, the correlation between coins is clear, and selling pressure is likely to keep emerging as prices rebound. Until price decisively breaks above resistance, we favor further downside as the rebound meets resistance.
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