6.11 Thursday SOL Morning Thoughts

SOL's current price is fluctuating around $64.4, with a slight decline of 1.57% over 24 hours, moving in perfect tandem with the Bitcoin market, showing no independent trend. Recently, it has been weakening continuously, with nearly a 32% drop in the past month, performing relatively weak among mainstream coins.
From a technical perspective, the price is trading below the moving averages, and the bearish pattern remains unchanged. It is currently just a slight correction after the decline, with insufficient rebound momentum.
Key support below: $62, if broken, will test the $60 level;
Short-term resistance above: $67.5, only stabilizing above this can ease the downward trend.
The weak trend is partly due to the market waiting for the US CPI data tonight, with risk assets under overall pressure. SOL's volatility is higher, making its price swings more amplified; on the other hand, institutional fund outflows, token unlock selling pressure, and ecosystem dilution all limit the rebound.
Before the data is released, the market will mainly fluctuate at low levels. This coin is highly volatile, so avoid heavy positions for bottom fishing, and be sure to implement risk control.
Operational suggestion: look for a rebound at 65.5-66.5 to short, $BTC targeting 62.