$SOL rebounds toward the resistance zone! $98–$100 could signal that bears are gearing up again!
On the daily chart, SOL has fallen from 98.16 to 96.16, with no strong, independent bullish catalyst to support it. $98–$98.5 is the first resistance zone, and $100–$101 is the second. If the price rallies into these zones and then retreats from its highs on rising volume, the bears may regain the initiative. Solana DeFi TVL has recovered somewhat, but stablecoin market capitalization has fallen about 3.09% over the past seven days, and weekly DEX trading volume has also declined. Rising derivatives open interest and positive funding rates suggest that long positions are building up. If the price meets resistance, long liquidations could come under pressure. Meanwhile, after the U.S. midterm elections, the dollar and Treasury yields have pulled back. The November 6 nonfarm payrolls report is due soon; if employment data comes in stronger than expected, markets may again price in pressure from rate hikes, putting risk assets under renewed strain!
Short-selling strategy: Sell rallies; don't chase shorts at lower levels!
First short zone: $98–$99; consider entering after signs of weakening momentum appear.
Second short zone: $100–$101; consider adding to short positions if the rally fails.
Stop-loss reference: above $102.5
First target: $95
Second target: $92.5
Third target: $90
$BTC #美国10月非农出炉：降息还有戏吗？
On the daily chart, SOL has fallen from 98.16 to 96.16, with no strong, independent bullish catalyst to support it. $98–$98.5 is the first resistance zone, and $100–$101 is the second. If the price rallies into these zones and then retreats from its highs on rising volume, the bears may regain the initiative. Solana DeFi TVL has recovered somewhat, but stablecoin market capitalization has fallen about 3.09% over the past seven days, and weekly DEX trading volume has also declined. Rising derivatives open interest and positive funding rates suggest that long positions are building up. If the price meets resistance, long liquidations could come under pressure. Meanwhile, after the U.S. midterm elections, the dollar and Treasury yields have pulled back. The November 6 nonfarm payrolls report is due soon; if employment data comes in stronger than expected, markets may again price in pressure from rate hikes, putting risk assets under renewed strain!
Short-selling strategy: Sell rallies; don't chase shorts at lower levels!
First short zone: $98–$99; consider entering after signs of weakening momentum appear.
Second short zone: $100–$101; consider adding to short positions if the rally fails.
Stop-loss reference: above $102.5
First target: $95
Second target: $92.5
Third target: $90
$BTC #美国10月非农出炉：降息还有戏吗？
