SpaceX’s first full quarterly earnings report since going public is about to be released, putting market risk appetite to the test. Events like this often affect crypto assets through shifts in macro sentiment, so I’m cautiously bearish on SOL in the short term. On the four-hour timeframe, the price has pulled back 14.85% from its high; on the one-hour timeframe, it has continued falling by 3.9%, with the downward structure unchanged. The 24-hour high and low of 105.22 and 102.38 define the short-term range, and the current price of 103.7 is just 2.24% above the low. 103.71 is the bull-bear dividing line. The bid-to-ask ratio across the top 10 order-book levels is 0.81, indicating seller dominance. The negative funding rate of -0.0020% points to growing bearish sentiment, while open interest remains at 2.996 million coins, with no significant reduction in positions. Strategy: consider a small short position on a rebound to 104.63, with a stop-loss at 105.31 and a target of 102.47. If the price retests 102.61 and holds, consider a short-term long, with a stop-loss at 101.93 and a target of 103.88. Keep each position below 5% of total capital, exit immediately if support breaks, and don’t hold on to losing positions.

——Just my personal opinion; this is not investment advice. Wishing you successful trading.——

$SOL#SpaceX’s first full quarterly earnings report since going public is about to be released