Looking at the SOL market trend, it fell to 116.71 last Thursday and then started to rebound, reaching a high of 128.74 before retreating. The key point is that it couldn't break through last Thursday's high of 129.00, which indicates that there is considerable pressure at this price level.

From a swing perspective, if 129.00 continues to act as resistance, then the next swing high is highly likely to be capped here. Once it falls below the support at 120, the next area to watch will be the range between 112.65 and 111.25, which is where the defensive line is located. Bulls really cannot be careless.

There is a detail worth noting - if there is a sudden rise to the 130-134 range tonight or tomorrow night, the short-term bottom support will still return to around 116. In this case, short-term potential opens up, but the defensive logic remains unchanged. Overall, the key positions are already clear, it just depends on how the market chooses.