7.15 Market Update Analysis

Sol Silk Road reference layout
Entry zone around 77.60-78.00, near the
Sui Sun above 78.35
First target 76.20, second target 75.30

The 78 high met resistance and stalled. A large number of late-chasing retail traders were trapped at the higher levels. As soon as it rebounds, the sell-off pressure from those trapped positions surges out, fully lacking the strength to push higher. After the spike up, the market turned into a run of red candles and fell back; the moving averages turned and weighed down the chart. When the rebound reached the 77.60-78 range, it faced direct pressure again. The rally saw increased volume, but afterward the rebounds kept coming with diminishing volume. Without new “Zijin” capital stepping in to take the bag, the rebound can’t go far. #百万充值补贴 #PreIPOs第二期OpenAI认购 #沃什重申坚守2%通胀目标 $BTC $ETH $SOL