6.9 Tuesday SOL midday thoughts

June 9 SOL market analysis, current coin price is $65.88, down slightly by 0.86% in 24 hours, with intraday prices fluctuating between $64.98 and $68.17. The overall weak trend of the currency is evident, with a total decline of 11.64% over the past seven days and a 32.01% drop over the past thirty days. Prices remain under pressure below various cycle moving averages, indicating a clear bearish trend. Affected by the overall market weakness, combined with cooling ecosystem enthusiasm and continuous capital outflows, the market lacks strong upward momentum, with 24-hour trading volume remaining flat and rebound volume seriously insufficient. In the short term, the market maintains a low-range oscillation, with immediate resistance at $68, and medium-term strong resistance concentrated between $75 and $81; immediate support is at $65, with $60 being a critical line dividing bulls and bears. Operationally, it is recommended to adopt a mainly bearish approach, with short positions taken during rebounds to resistance areas, and after testing key supports and showing stabilization signals, lightly attempt long positions. If support at $60 is broken, the market is likely to further decline. Overall trading should carefully control positions and operate cautiously.
Operational suggestion: watch for a rebound to $67-68, $BTC target $63.