The weekly chart of Solana (SOL) at 53,608,421,218 looks very bad. I am very worried that before the interest rate cut, SOL will experience a washout similar to that of ETH's knee-jerk reaction.

The weekly chart has been in a downtrend. Last week, I originally thought SOL would break through 160 to reverse the weekly trend, but it didn't even touch 160, and after breaking below 148, I became pessimistic and believed a major correction was coming.

I rarely post, but my market sense has always been very accurate. In the past half month, the frequency of sell-offs has been a bit high, which is clearly a move by the bulls. When prices drop, we can't mindlessly buy again; we need to wait to build positions at the weekly level. Currently, there is strong support around 100 at the weekly level for SOL.