#BTC资金流动性 The current market situation has only one characteristic — overwhelming selling pressure. Every rebound quickly gets pushed back down, repeatedly, wave after wave, each one weaker than the last.

From a technical perspective, the Bollinger Bands are consistently pointing downward, and the price mostly stays close to the lower band. This isn’t consolidation; it’s weak downward movement with occasional pauses. The volume is more straightforward — during declines, trading volume increases; during rises, it’s very quiet, clearly showing a scene of abundant sell orders and sparse buy orders.

Interestingly, even with institutional ETF funds continuously entering the market, the price hasn’t risen. What does this mean? These funds are just trying to block the gun, to absorb selling pressure, not to push the price up. Coupled with recent macroeconomic tightening expectations — interest rate hikes, rising risk aversion — the probability of encountering resistance during rebounds is even higher.

In this situation, the smartest approach is to follow the trend. When resistance levels at the highs appear, don’t hesitate — just open a short position and be done with it.

Key focus: $SOL $F