This article is only a personal market view and does not constitute investment advice. If you operate according to this, you are responsible for your own gains and losses.

SOL is also one of my key focus objects. After yesterday's closing, the daily chart level completed breakthroughs against BTC and ETH respectively.

For SOL against ETH, the daily level completed a long-term triangle breakthrough, as well as a short-term W-bottom breakthrough. And the technical indicators are bullish, the breakthrough volume is significant, all pointing to this being an effective breakthrough.

For SOL against BTC, there is a long-term breakthrough of the descending wedge (a bullish pattern), and a short-term W-bottom breakthrough. The technical indicators are bullish, and the breakthrough volume also indicates an effective breakthrough.

If there is no general decline in the cryptocurrency market later, SOL should remain strong for a while.

The recent trend of BTC is not easy to evaluate, and I personally think holding spot positions is the best choice. The greed index for BTC has reached 88 again, indicating a high level. The lending rates on exchanges have been maintained between 10-50% for a long time, and the annualized return for futures and spot arbitrage is over 20%, reflecting strong bullish sentiment. Therefore, I am not very confident in using leverage. Currently, the intraday volatility of BTC has significantly increased, and under high emotions, a large pullback could occur at any time.

Currently, BTC's market share has not reached its peak and still has room to rise. The weekly market share of BTC previously showed a rectangular pattern. When it breaks through, there is both a pre-breakthrough accumulation trend and a post-breakthrough pullback trend. According to the corresponding calculation of the pattern, the market share will reach at least the purple horizontal line in the chart, approximately around 57.39%.

Next week, March 18th is a time window for a turning point, March 19th is the Bank of Japan's interest rate decision, and March 20th is the Federal Reserve interest rate decision and Powell's speech. Currently, the probability of a rate hike by the Bank of Japan is high, which may have a certain impact on global liquidity. There may be increased volatility next week.

Follow me and earn maximum trend profits with minimal operations.

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