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The analysis focuses on SOLUSDT using a 4-hour timeframe, identifying a potential bearish trend continuation. The current price is noted around $69.016. The analysis suggests that Solana has completed a significant downtrend and is now in a corrective phase, potentially forming a third wave down within a larger bearish structure. Key Fibonacci retracement levels are highlighted, with resistance expected around $74.597. The primary target for this bearish move is identified at $48.785, which represents a significant Fibonacci extension. A failure for this bearish outlook would occur if the price breaks above the $74.597 resistance level, invalidating the short-term downtrend. The analyst also draws parallels with Bitcoin's price action, suggesting that Solana's movement is correlated and that a bearish continuation for Bitcoin would likely lead to a similar downward movement in Solana, potentially targeting the lower Fibonacci support levels around $43.222 or even $17.490.