April 30 19:20 $SOL Nighttime One-hour technical analysis indicates a bearish trend (For reference only)

(Current price can be used for direct entry)

Current price: 83.24 (sol)

1. Trend Judgment

The short-term moving averages form a golden cross, indicating a weak rebound within a downtrend structure, with insufficient volume support. Selling pressure is concentrated above, and the large-scale bearish structure remains unchanged. The overall trend remains bearish; the golden cross is only a short-term correction signal and does not alter the downward main rhythm.

2. Key Levels

Resistance: 84.20 (short-term strong resistance, upper limit of the golden cross rebound), 85.50 (dividing line between bulls and bears, invalidating the bearish outlook if broken); Support: 81.80 (first support), 80.50 (strong support, breaking below opens further downside space)

3. Short Position Strategy (Current price 83.30)

Entry points: current price 83.30 or adding to short positions on rebound to 84.00-84.20 zone; Stop-loss: 85.60; First take profit at 81.80 (reduce 50%), second take profit at 80.50 (hold remaining position, if broken, look toward 79.20)

4. Golden Cross Logic Supplement

The 15/30-minute golden cross indicates an oversold rebound during a downtrend, with no sustained bullish momentum. It is a false recovery in a bearish trend, relying on resistance levels to set up short positions. The golden cross is only a reference for rebounds to look for short entries; chasing longs is strictly prohibited.