7.9 SOL: The pit blown up by the Middle East, can we buy the dip?



$SOL
Entry: short near 79.5-80, stop loss at 81, target 77-75

82.76 opened a unilateral sharp drop, a large bearish candle smashed through all short- and medium-term moving averages, a typical news-driven volume sell-off; the lowest point reached 76.24 before stabilizing, currently in a technical repair phase after an oversold drop, but the rebound volume is clearly insufficient, and no incremental funds have been seen entering to take over

Last night, Trump directly declared the US-Iran ceasefire agreement "invalid," the US military launched airstrikes on Iranian targets, Iran vowed to retaliate against US military bases in the Middle East, and the shipping risk in the Strait of Hormuz immediately spiked

The chain reaction is clear: crude oil surged 7%+ → inflation expectations rebound → the market bets on the Fed's September rate hike probability skyrocketed → the dollar strengthens, risk assets across the board collectively sell off

SOL, as a high-beta coin, dropping more severely than Bitcoin and Ethereum is a normal phenomenon, driven by a systemic market pullback, not due to on-chain data or fundamentals turning bearish
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SOL-0.01%
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