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SOL previously mentioned that the 87-89 range is a relatively ideal zone for short positions, and the market is cooperating well, reaching this level as expected. Currently, this is exactly the rhythm point for phased entry.
This round of rebound is more about following the market’s emotional recovery; it hasn't shown an independent strong breakout. Especially near the previous high area, there are clear signs of weakening upward momentum. The bulls seem to be pushing, but the strength is diminishing.
Looking at the rhythm, the short-term cycle keeps testing highs but has yet to break through significant resistance. The nature of sideways movement at high levels is often not about gathering strength for an attack but preparing for a pullback. If the support can't keep up, a quick retest is likely.
Therefore, at this position, it’s not suitable to chase long positions again; instead, it provides a good opportunity for a high-level short entry.
For short positions, you can consider continuing to gradually build shorts around the 87-89 range.
Below, first look at the 83 area, and further support around 80.