Recently, the FOMO sentiment in the market has surged, and after frequent dips in the market, a V-shaped reversal occurred.

Newly entering investors have strong FOMO psychology, which increases the likelihood of the whales harvesting retail investors. The clearing amount of contracts yesterday exceeded 1.7 billion, setting a new record.

SOL has repeatedly attempted to break through the $240 resistance level but has failed to hold.

From the current market situation, it is not suitable for long-term investment; instead, a quick in-and-out strategy is more appropriate to seize opportunities in one-hour pullback rebounds for trading.

In terms of spot trading, it has retraced about 40 points from $264; initial positions can be considered in the $200 - $205 range. Further additions can be made in batches at $185 - $180 and $165 - $155 to gradually lower costs.

Looking ahead, a potential positive factor is that Trump may come to power.

However, December has many negative factors, including institutional settlements and dividends during the Christmas period, the release of CPI data, and information related to interest rate cuts in December.

Historically, the cryptocurrency market performance in December has usually been poor.

Therefore, those in the spot market need to remain patient, endure solitude, and strictly follow their trading logic. One must not be swayed by FOMO sentiment to avoid blindly following trends and suffering losses...