#ETF inflows continue, why is BTC falling? #September FOMC minutes released, most officials favor another rate hike #Global long-term government bond yields rise to multi-year highs
SOL current price 138.6, daily decline 4.82%, short-term continues to oscillate downward.
EMA moving average system shows a bearish alignment, price rebounds have consistently failed to reclaim the moving average resistance, weak structure is clear. RSI14=38.2, already in the bearish zone; MACD's DIF and DEA run below the zero line, green bars continue to expand, downward momentum is still accumulating. KDJ three lines diverge downward, J value has not yet bottomed.
24-hour range: high 149.8, low 136.2, currently near the lower boundary of the range. Resistance above at 144.5, strong resistance at 149.0; first support below at 135.0, if broken effectively it may open further downside space.
Market logic: Previously driven by ecosystem narratives and capital rotation, SOL's gains significantly outpaced others, but lacking sustained incremental capital support, when overall market risk appetite declined, profit-taking and short-term chip concentration led to a correction larger than BTC and ETH.
Summary: Short-term bears still dominate, occasional intraday rebounds are limited in strength, it is not advisable to enter blindly for now, focus on whether the 136.2 low support holds firm, waiting for clear signs of a stop in the decline and stabilization.
$BTC $ETH $SOL #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause
SOL current price 138.6, daily decline 4.82%, short-term continues to oscillate downward.
EMA moving average system shows a bearish alignment, price rebounds have consistently failed to reclaim the moving average resistance, weak structure is clear. RSI14=38.2, already in the bearish zone; MACD's DIF and DEA run below the zero line, green bars continue to expand, downward momentum is still accumulating. KDJ three lines diverge downward, J value has not yet bottomed.
24-hour range: high 149.8, low 136.2, currently near the lower boundary of the range. Resistance above at 144.5, strong resistance at 149.0; first support below at 135.0, if broken effectively it may open further downside space.
Market logic: Previously driven by ecosystem narratives and capital rotation, SOL's gains significantly outpaced others, but lacking sustained incremental capital support, when overall market risk appetite declined, profit-taking and short-term chip concentration led to a correction larger than BTC and ETH.
Summary: Short-term bears still dominate, occasional intraday rebounds are limited in strength, it is not advisable to enter blindly for now, focus on whether the 136.2 low support holds firm, waiting for clear signs of a stop in the decline and stabilization.
$BTC $ETH $SOL #IMFSaysTokenizedMarketsSmall #FedMinutesFocusOnOctoberPause