Judging from SOL’s price structure, the market has formed a standard bearish ladder pattern characterized by successive lower highs and continuously refreshing lower lows. It has repeatedly challenged the key resistance zone above but has been unable to hold a breakout. In the short term, the bulls’ counterattack shows not a shred of sustained conviction.

The four-hour oscillation range box keeps shifting downward. The support levels that were tested multiple times earlier have been breached one after another, losing their stability. Combined with the perpetual futures market’s long-term skew in open interest ratio toward shorts, retail and institutional funds are both strongly bearish. Following the short-wave move is the choice that best fits the current situation.

Trade suggestion: short near 74.4-75, targeting 72.6-72 below; if it breaks 71.2.
#明尼苏达预测市场禁令被叫停 $SOL $BTC $ETH