Family, let's chat about the latest situation with SOL this afternoon, and go over the trends and strategies.

Currently, the price of SOL is $169.80 (August 7), with the key focus on the support level of $165—this is a strong line of support on the 4-hour chart. If it breaks below this, it may drop to the 156-158 range. Right now, it is basically oscillating between 156-170, and whether the support at 165 can hold is crucial.

There are significant divergences among institutions: those who are bullish believe that a pullback to 140-150 will lead to a rebound and new highs; while those who are bearish think that under deleveraging pressure, it might drop another 10% to test the 150 support.

Additionally, it’s important to note that net outflow from exchanges shows short-term selling pressure, so be cautious of large players dumping. Although the SOL chain is active, funds are migrating towards the ETH ecosystem, so we need to closely monitor whether the SOL/ETH exchange rate can stop falling.

Long's operation suggestion for today: short around 170-172, with a target of 165-155. The market is volatile, so remember to adjust your operations flexibly, with stability as the priority! #SOL