5.28 SOL Thoughts: The overall market is weakening, on-chain sentiment is cooling down, continue to focus on shorting!

Brothers, SOL today is completely following Bitcoin's lead, and on-chain Meme tokens are collectively leading the decline, with sentiment even colder than the overall market! It surged to 85.9 in the morning and then steadily declined, now hovering around 82.2, showing a very clear weak pattern.

$SOL
Entry: rebound at 83-84, target 85.5, watch for 81-78

1-hour timeframe is very similar to Bitcoin, a classic bearish continuation pattern:

Bollinger Bands are opening downward, the middle and upper bands are turning down in sync, and the price is being tightly pressed down by the middle band throughout, with no decent rebound.

After the decline, it oscillated narrowly in the 81.8-82.5 range for over 2 hours, with no signs of volume-driven rebound or bullish engulfing candles, just a brief pause in the downward move.

On-chain data shows SOL Meme tokens have retraced nearly 5% in a single day, on-chain activity has significantly decreased, and signs of capital fleeing are obvious, further suppressing SOL's rebound momentum.

Important risk reminder: SOL's movement is fully correlated with BTC, and is more heavily influenced by on-chain Meme sentiment. Absolutely avoid chasing longs; any rebound is a shorting opportunity. If the price drops sharply below 81.5 with volume, do not attempt to bottom fish. Following the trend and shorting is the correct choice. #美军对伊朗发动新打击