11.4 midnight sol

The technical outlook is bearish.

1. Bollinger Band Signal:
· Current price 167.53 has significantly fallen below the mid-track 175.34, indicating a weakening short-term trend;
· The price is approaching the lower band at 164.54, and if it continues to break down, it may open up further downside potential.
2. Price structure is relatively weak:
· Since the decline from the high of 203.89 at the end of October, the price has continued to run between the lower and middle bands of the Bollinger Bands;
· Recent multiple rebounds have failed to effectively stabilize at the mid-track, reflecting insufficient buying strength.
3. Time Period Resonance:
· On the 4-hour and daily levels, the price has formed a downward trend line, with clear resistance;
· If the 8-hour level also confirms a close below the lower band, the downward momentum may strengthen.

Operation Suggestions

· Key Resistance: 175.34
· Downward target: 164.54, if it breaks below, look for below 160.
· Risk Control Suggestion: If the price stabilizes at the middle track and starts to surge with volume, be cautious of the rebound risk.