7.10 SOL: High beta follows rebound, under pressure prefer short at highs

$SOL
Entry: near 79.5-80.5 short, stop loss 82, target 76-73

From the structure perspective, after bouncing from the low, SOL faced concentrated selling pressure at the stage high of 82 on July 7, then quickly fell back to the 76-80 range for narrow consolidation. Recently, K-line bodies have been continuously narrowing, the upward slope is gradually flattening, and the offensive power of the bulls is noticeably weakening—a typical topping pattern at the end of a rebound.

On the daily level, the price is still trading below the medium-term moving averages, and the medium-term downtrend has not fundamentally reversed. The current recovery is merely a technical rebound after a sharp drop, not a trend reversal. On the 4-hour level, volume has continued to shrink along with the rebound, the MACD red bars are steadily narrowing, and the RSI has fallen back to the neutral zone. If it cannot break through the overhead resistance with volume, a secondary bottom-testing move is very likely, and the downside elasticity is far greater than the upside.#特朗普宣布美伊停火结束