The analysis focuses on SOLUSD. Two scenarios are presented: A 'white scenario' which is aligned with bitcoin, and an 'orange scenario'. The analyst says it's not clear if SOLUSD is going to follow the orange scenario, or if it will follow the white scenario. The white scenario suggests further downside to a support zone between $166.21 and $180.90, potentially after a five-wave decline. The analyst draws a possible wave 1, wave 2 pullback, and a wave 3 decline. The upper micro support is still holding but the analyst expects a test of $192.06. For bullish signals, a micro five wave move up and break of the $218 is needed. The resistance is between $206 and $213.