June 23, Tuesday SOL midday thoughts

Overnight US stock technology sector rose, market risk appetite warmed, SOL is more resilient, accumulating short positions at low levels easily forming short squeeze rebounds, and its ecosystem track also provides long-term fundamental support. But the Federal Reserve's high interest rate suppression has not eased, altcoins lack off-exchange incremental funds, this round is only a oversold correction, with limited upside potential, and inflation data tonight will increase market volatility.

On the technical side, support at 77-79 has been tested multiple times, downward momentum continues to weaken; short-term resistance at 83.5-85, medium-term strong resistance at 89-92, 70 is a key defense level, a break below would end the rebound and weaken again.
Operate within the range today, if support at the pullback stabilizes, go long with light positions; if the rebound encounters resistance and stalls, then go short accordingly; SOL's volatility far exceeds mainstream coins, operate with light positions throughout, strictly set stop-losses.
Operational suggestion: wait for a pullback to 70.5-71.5 to look for a dip, target 73, break to see 75, if not break, then reverse to short $BTC $ETH $SOL