The analysis focuses on SOLUSD, noting a break below the 100% extension target at $189.10. The market is currently under downside pressure, with a 3-wave move up from the October 10th low, followed by a 3-wave move down. The analyst is watching the Fibonacci zone between $180.38 and $191.04 for a reaction. There's currently no meaningful upside reaction. The invalidation point for the 1-2 or AB setup is $170. A break above the last swing high at $198.30 would be an initial indication of a low, and a move above the previous swing highs around $208 to $212 is needed for bullish confirmation.