🚨 Red Alert! $SOL breaks through $92 and the “Big Boss” ($BTC ) sinks toward $76K
The market close is discouraging. After a brief respite, the market turned red again. Bitcoin can’t sustain its rebound and is dragging Solana down to worrying lows.
👑 Bitcoin (#BTC ) is running out of steam:
BTC is trading at ~76,952 $USDT (-1.95%). After failing at 78,878, the price fell to 76,663. On the 1H chart, it’s trapped below the MA(25) at 77,635. Most alarming: the order book shows 88.12% sell orders. Selling panic remains unabated.
☀️ Solana (#SOL ) hits bottom at $90:
SOL is trading at ~92.21 #USDT (-3.09%). The drop was brutal: from 95.95 to a low of 90.87.
On the 1H chart, it’s trying to rebound but remains below the MA(25) at 93.50. On the daily chart, the situation is critical: it remains well below the MA(99) at 98.83, confirming the downtrend.
🎯 Emergency levels for SOL:
🟢 Vital support: 90.87 (Today’s low). If it breaks, the abyss lies wide open.
🔴 Immediate resistance: 93.50 (MA25 1H) | 95.10 (MA99 1H).
🔮 What can we expect?
1. Capitulation (High probability): The 88% sell orders in BTC indicate that the pressure isn’t over. If BTC loses 76,663, SOL will look for new lows below $90.
2. Technical rebound (Unlikely): Only if BTC recovers 77,600 will SOL attempt to break above $93.50.
⚠️ My view:
The market is still in “falling knife” mode. Yesterday’s rebound was short-lived, and panic is back today. Don’t try to catch the bottom here. The structure is strongly bearish. Stay calm, don’t use leverage, and watch to see whether $90 holds over the next few hours.
👇 Will we see a rebound from $90, or are we headed toward $85? Share your analysis! 💬
#BTC #Solana #Crypto #Trading #BinanceSquare
The market close is discouraging. After a brief respite, the market turned red again. Bitcoin can’t sustain its rebound and is dragging Solana down to worrying lows.
👑 Bitcoin (#BTC ) is running out of steam:
BTC is trading at ~76,952 $USDT (-1.95%). After failing at 78,878, the price fell to 76,663. On the 1H chart, it’s trapped below the MA(25) at 77,635. Most alarming: the order book shows 88.12% sell orders. Selling panic remains unabated.
☀️ Solana (#SOL ) hits bottom at $90:
SOL is trading at ~92.21 #USDT (-3.09%). The drop was brutal: from 95.95 to a low of 90.87.
On the 1H chart, it’s trying to rebound but remains below the MA(25) at 93.50. On the daily chart, the situation is critical: it remains well below the MA(99) at 98.83, confirming the downtrend.
🎯 Emergency levels for SOL:
🟢 Vital support: 90.87 (Today’s low). If it breaks, the abyss lies wide open.
🔴 Immediate resistance: 93.50 (MA25 1H) | 95.10 (MA99 1H).
🔮 What can we expect?
1. Capitulation (High probability): The 88% sell orders in BTC indicate that the pressure isn’t over. If BTC loses 76,663, SOL will look for new lows below $90.
2. Technical rebound (Unlikely): Only if BTC recovers 77,600 will SOL attempt to break above $93.50.
⚠️ My view:
The market is still in “falling knife” mode. Yesterday’s rebound was short-lived, and panic is back today. Don’t try to catch the bottom here. The structure is strongly bearish. Stay calm, don’t use leverage, and watch to see whether $90 holds over the next few hours.
👇 Will we see a rebound from $90, or are we headed toward $85? Share your analysis! 💬
#BTC #Solana #Crypto #Trading #BinanceSquare