Sell short with resistance at 77.4-77.8 on the rebound; cut loss above 78.5; reduce half at 74.5; the rest depends on 73.3-72.0.

SOL spot price is 75.13, down 2.33% over the past 24 hours, fully tracking BTC’s weakness. 75.0 is the 30-day moving average and the lower edge of the box—if it breaks, directly look at 73.3-72.0.

Overhead resistance: 77.4-77.8. Daily candles have continued to be capped, with short-term moving averages under pressure. Every time the bounce reaches here, it gets smashed.

Downside targets: 74.2-74.6 for the first stop; if it breaks down, then 73.3-72.0.

① On the 1-hour chart, after hitting a high at 78.12, it turned and fell back; the daily is ranging in the 75-79 box but the highs keep stepping down; volume is sluggish—there’s a lack of incremental long-side capital, and every rebound is on decreasing volume.

② The US and Iran have been exchanging fire for multiple consecutive days. The US launched a new round of attacks on Iran’s Bandar Abbas port; shipping in the Strait of Hormuz is threatened, and oil prices have surged more than 9% over five days; meanwhile, Fed member Logan publicly called for “moderate rate hikes”—geopolitics plus rate hikes both weigh on risk appetite.

③ Even though the SOL spot ETF had net inflows of $1.65 million yesterday, only Grayscale Solana Trust is buying; SOL has high volatility—if BTC continues to weaken, SOL’s downside will only be larger than that of the big coin.
Sell short with resistance at 77.4-77.8 on the rebound; cut loss above 78.5; reduce half at 74.5; the rest depends on 73.3-72.0。

The premise of “when others are fearful, I’m greedy” is that—you have money to add to the position, not get stuck halfway up the mountain. $SOL ‌