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【SOL Short-term Analysis】
The price is currently retracing near the middle band of the Bollinger Bands, with the upper band already turning downward, indicating that the short-term bullish momentum is weakening, and the market is entering a sideways and slightly weak pattern.
· Resistance above: 84.38-84.42 area with obvious sell orders
· Support below: 83.8-84.0 area
Trading suggestions:
· Conservative traders: Wait until the price stabilizes above the middle Bollinger band (about 85.16) before considering long positions; or after breaking below 83.8 support, lightly short.
· Short-term traders: High sell and low buy within the 84.0-84.5 range, be sure to set small stop-losses, and avoid fighting the trend.
$SOL $BTC