The short position set up last night has banked 500 points; Bitcoin’s liquidity is too poor, so I can only take a small bite for now.$BTC $ETH $SOL

8.19 Wednesday SOL Midday Outlook SOL is currently trading around 77, with the price close to the short-term resistance zone. The overall trend is highly correlated with Bitcoin, edging up slightly over the past 24 hours. Trading volume has not increased noticeably, and the long-short battle is concentrated around the current resistance level. Market participants are largely staying on the sidelines, with the overall market awaiting macro events to determine its direction. Technically, the current price is facing the 77.2-77.6 resistance zone, where repeated tests of resistance are likely. If the price is repeatedly rejected in this area, a pullback may easily occur. The intraday short-term support lies at 74.8-75.2; if the price pulls back and holds this range, the current sideways consolidation structure can be maintained. 73.4-73.8 is the core support of the current range. Once effectively broken, the existing consolidation structure will be invalidated, opening up room for a new round of decline. Only after holding above 77.6 with increased volume will the market be positioned to further test resistance around 79. Trade recommendation: 77.2-78 Kong, target 75-73.5$BTC $SOL $ETH

#GateEventPointsSystemLaunched 📰 Gate Square Daily | August 19 Which story caught your attention today? 👇 Check out today’s roundup, then head to Gate Square and share your thoughts. $BTC $GT $SOL