đ¨ Total Capitulation! $SOL plunges to $75 as $BTC loses the $67K floor
A terrifying close to the session. The market canât find a bottom, and selling panic has triggered an unprecedented chain liquidation.
đ **Bitcoin (#BTC ) in historic decline:**
BTC is trading at **~66,734 $USDT (-3.70%). It fell as low as **66,613**. The order book shows suffocating pressure, with **98.18% sell-side pressure**. If it loses this level, the abyss opens toward $65K.
âď¸ **Solana (#SOL ) bleeds uncontrollably:**
SOL is trading at **~75.36 USDT** (-4.90%). It plunged to a low of **74.88**. On the 1H chart, there are no rebounds to speak of, and itâs trapped well below its MA(7) at 77.26. On the daily chart, the decline is vertical, moving farther away from the $100 zone.
đŻ SOL survival levels:
đ˘ Vital support: 74.88 (todayâs low). If it breaks, the price will head for $70.
đ´ Resistance: 79.21 (MA25 1H).
đŽ What can we expect?
1. Chain liquidation (High probability): With nearly 100% selling pressure in BTC, longs continue to be liquidated. If BTC loses 66,600, SOL will break below $74.
2. Technical rebound (Unlikely): BTC needs to recover to at least 70,000 for SOL to attempt a breather toward $80.
â ď¸ My view:
Weâre in a panic-driven market. The âfalling knifeâ hasnât hit bottom. Donât try to guess where it ends; technical indicators lose their validity during these free falls. If youâre out, watch from the sidelines; if youâre in, donât use leverage.
đ With BTC below $67K, will we see a rebound from $75, or are we heading toward $65 in SOL? Share your analysis! đŹ
#BTC #Solana #Crypto #Trading #BinanceSquare
A terrifying close to the session. The market canât find a bottom, and selling panic has triggered an unprecedented chain liquidation.
đ **Bitcoin (#BTC ) in historic decline:**
BTC is trading at **~66,734 $USDT (-3.70%). It fell as low as **66,613**. The order book shows suffocating pressure, with **98.18% sell-side pressure**. If it loses this level, the abyss opens toward $65K.
âď¸ **Solana (#SOL ) bleeds uncontrollably:**
SOL is trading at **~75.36 USDT** (-4.90%). It plunged to a low of **74.88**. On the 1H chart, there are no rebounds to speak of, and itâs trapped well below its MA(7) at 77.26. On the daily chart, the decline is vertical, moving farther away from the $100 zone.
đŻ SOL survival levels:
đ˘ Vital support: 74.88 (todayâs low). If it breaks, the price will head for $70.
đ´ Resistance: 79.21 (MA25 1H).
đŽ What can we expect?
1. Chain liquidation (High probability): With nearly 100% selling pressure in BTC, longs continue to be liquidated. If BTC loses 66,600, SOL will break below $74.
2. Technical rebound (Unlikely): BTC needs to recover to at least 70,000 for SOL to attempt a breather toward $80.
â ď¸ My view:
Weâre in a panic-driven market. The âfalling knifeâ hasnât hit bottom. Donât try to guess where it ends; technical indicators lose their validity during these free falls. If youâre out, watch from the sidelines; if youâre in, donât use leverage.
đ With BTC below $67K, will we see a rebound from $75, or are we heading toward $65 in SOL? Share your analysis! đŹ
#BTC #Solana #Crypto #Trading #BinanceSquare