7.28 SOL: Rallies meet resistance and pull back, moving sideways in the short term

$SOL Entry: On the rebound look around 74.5-75 with weakness, watching 72-71

After the price hit the high point 77.48, it came under pressure and topped out. It then saw consecutive bearish closes and continued to fall. The bullish breakout momentum has waned, forming a stalled-upside reversal structure at the highs. Selling pressure above has been continuously released. BTC and ETH move in tandem and weaken; overall, long sentiment cools down in the market. In linkage, it suppresses the strength of SOL’s rebound. In the short term, the rebound is likely only a downward correction, making it hard to challenge the previous high again. After pushing to new highs, there’s a lack of sustained buying support. Each rebound is met with sell-side pressure. The downtrend has already been established #Strategy首次回购STRC #长鑫开盘跌7.7%