Family, let's talk about Brother Yang's analysis of the SOL (Solana) afternoon market!

First, looking at the overall environment, the market sentiment is generally bullish, the Fear and Greed Index has risen to 63, entering the greed zone. Moreover, the US CPI data is lower than expected, and the probability of a rate cut in September has soared to 93.4%, which is a significant support for risk assets.

However, the open interest in SOL contracts has reached an all-time high, which also brings leveraged risk, so everyone needs to be cautious.

On-chain data is a bit interesting, as there is a divergence in large transfers. On one side, a new wallet has withdrawn 92,000 SOL from Kraken, worth 16.78 million dollars, which is clearly accumulating; but on the other side, three whale addresses have transferred SOL worth 40.13 million dollars to exchanges, indicating a selling pressure risk.

Technically, SOL is currently at a critical period of directional choice, with 196 dollars being an important dividing line between bulls and bears. If it can maintain above 196 dollars, it may continue to rise and test the resistance levels of 200 - 205 dollars.

Brother Yang's operational suggestion is to go long around 192 - 195.10, with the first target at 200.50, and then looking towards 203. But still, as mentioned, the market risk is high, so everyone must be cautious in their operations and set proper stop-losses! #solana