Let's take a look at the trend changes of sol.

Because there is news recently that FTX will be restarted. Sol will also benefit from this news, and the short-term recent rise is good

It has been rising for about three weeks in a row.

From the daily level, the support of SOL's previous high is also the 1/2 position of the golden section.

The front height and the golden section 1/2 position coincide with each other.

So from a medium to long-term perspective, I personally think that there is a high probability that SOL will bottom out.

At the daily level, the first pressure level above SOL is $22, and the second pressure level is around $24.

Then the short-term price of SOL can reach 22 dollars, and the medium-term price can reach 24 dollars.

From the 4-hour level, sol can currently draw an ascending triangle consolidation

At present, the overall trend is still mainly oscillating upward

As for my opinion on the later period of SOL, I personally have a more positive opinion.

If you want to make a layout, you can wait until the support of the lower track of the triangle consolidation is around 19 US dollars.

In the last bull market, many people were trading altcoins, and many people were trapped at the high point of the bull market.

Because most retail investors enter at the end of the bull market.

If you want to cover your position and average your cost, my personal opinion is that you should put this time off until the second half of the year or the end of 2023.

This year, Bitcoin has risen from $15,000 to $31,000. This is a small bull market, not a big bull market.

The rise in the first half of this year was mainly due to the positive impact of the Federal Reserve's expectation of suspending interest rate hikes.

But after the Fed stops raising interest rates in the second half of the year, what is the expectation for the second half of the year? The expectation for the second half of the year is that the US economy will fall into recession.

What is hyped in the market is expectations

Therefore, I personally am not optimistic about the market conditions from the second half of the year to the end of the year.

Although Bitcoin is still rising to a certain extent, this trend may only last for 2 to 3 months at most.