Summary of Conclusions: On December 30, SOL is experiencing short-term oscillation with a slight bearish bias, mainly focusing on rebound highs and support lows; key levels: 127.5 (break above turns bullish), 122.0 (break below turns bearish). 1. Core Price Levels (12/30 13:40, current price ≈124.5) • Resistance: 126.0 (50EMA), 127.5 (100EMA/upper boundary of range), 130.0 (daily structure), 133.5 (200-day moving average) • Support: 123.0 (lower boundary of range), 122.0 (strong support), 120.0 (key platform), 117.0 (previous low) 2. Technical Indicators (4h+1h) • 4h: Price below EMA30/100, RSI≈39 (weak), MACD below zero line with death cross, decreasing histogram (weakening bearish momentum) • 1h: Rebound candlesticks but volume insufficient, MACD golden cross weak, clear resistance above • Conclusion: Short-term oscillation with a bearish bias, rebound lacks strength, need to break above 127.5 to turn bullish, falling below 122.0 accelerates downward movement 3. Executable Strategies (Contracts/Short-term) 1. Rebound to short (main strategy) • Entry: Gradually short at 125.5-127.5, main position at 125.5, add at 127.5 (scale in positions) • Stop Loss: 130.0 (127.5 + 25 points, upper boundary of integer level) • Targets: 123.0 (first), 122.0 (second), 120.0 (third, hold if broken) 2. Support low buy (auxiliary strategy) • Entry: Stabilize long positions at 122.0-123.0 (wait for 1h bullish close / long lower shadow confirmation) • Stop Loss: 120.0 (122.0 - 20 points) • Targets: 124.5 (first), 126.0 (second, take profit at resistance) 3. Breakout chase orders (after confirmation) • Long: Confirm steady above 127.5 (1h close), chase long, stop loss 125.0, targets 130.0-132.0 • Short: Break below 122.0 (1h close), chase short, stop loss 124.0, targets 120.0-118.0 4. Risk Control and Execution Points • Position sizing: single strategy ≤20%, total position ≤50%; enter in batches, avoid heavy bets on breakouts • Take profit: reduce positions at targets, first target reduce by 50%, second by 30%, remaining based on break levels • Trigger: after breaking key levels, wait for 1h close confirmation before acting to avoid false breakouts 5. TradingView Order Templates (copy and use) • Short orders: Limit 125.5 short, Limit 127.5 short; Stop 130.0 stop loss; TakeProfit 123.0/122.0/120.0 • Long orders: Limit 122.5 long; Stop 120.0 stop loss; TakeProfit 124.5/126.0 • Alerts: Trigger when price ≥127.5 or ≤122.0, indicating breakout/break level

A noteworthy on-chain activity: a seasoned whale holding a total of $749 million in long positions across BTC, ETH, and SOL has recently made a major move again. According to on-chain data monitoring, this "BTC veteran" just transferred 112,894 ETH to a major exchange, equivalent to approximately $332 million. Based on the position structure and recent operations, this seasoned player seems to be adjusting their asset allocation. Is the large ETH inflow a way to observe the subsequent market trend? Or is it preparing for certain strategies? Such whale movements often reflect market participants' views on the current market conditions.

#比特币机构配置与囤积 Seeing Wood's discussion, what flashed through my mind was the scene from the 2017 bull market. Back then, we were still debating whether Bitcoin was truly a currency, and institutions avoided it like the plague. Now, the situation has reversed—institutions are actually using Bitcoin as a "gateway" into the crypto world—what a huge shift in narrative over the past ten years. The flash crash on 1011 reminded me of several key moments: the 2018 bear market, the COVID-19 pandemic shock in 2020, and the chain of liquidations in 2022. Each time, Bitcoin was the most liquid asset, the first to be hammered down, and the fastest to rebound. This is not coincidence but a reflection of the evolution of the market ecosystem. Institutions have entered, retail investors are still the same, but traffic is no longer evenly distributed. The most interesting point she mentioned is the variable—whether traditional financial giants like Morgan Stanley and Bank of America will officially allocate Bitcoin through ETFs. I have experienced many such "critical points," and each time traditional finance officially enters, it rewrites the subsequent market rhythm. What’s different this time is that infrastructure is already mature, the narrative has been discredited, and only time remains. The positioning of Bitcoin, Ethereum, and Solana is very clear—global currency, institutional infrastructure, consumer applications. The competitive logic of these three tracks is completely different. I see the market finally beginning to differentiate rationally. It’s no longer a zero-sum game of all-or-nothing like before. The market may really have bottomed out, but hitting the bottom doesn’t mean the starting point. The future trend depends on when those large institutions will truly take action.