Hehe... This can definitely be considered the biggest positive news for SOL recently. The top three crypto capital firms, Galaxy, Jump, and Multicoin, are seeking to raise $1 billion specifically to purchase SOL tokens. Additionally, Raydium has spent a total of $196.3 million to buy back 71 million RAY, accounting for 26.4% of the circulating supply. This is also a huge positive for RAY itself. It's just unfortunate that every time SOL receives good news, it coincides with a market downturn, truly an unfortunate turn of events. If this positive news had appeared during a market uptrend, SOL would surely have achieved a breakthrough. Could SOL be the next mainstream coin to successfully replicate Ethereum's market performance? Sister Bei is looking forward to it... One must believe that in a bull market, anything is possible

Powell's dovish tone is resonating, and Sister Bei's actual account has recovered significantly, adding to full positions again, firmly optimistic about the future market. Last week, I mentioned that the large pancake would fall below the support of 112,000, and indeed there was a fake breakdown, combined with the interest rate cut benefits leading to a counterattack. Because the short-term rise was too fast, the indicators are being repaired over the weekend, and a pullback to support is a good entry opportunity; just buy on dips. The US stock market should still perform well when it opens next week.

The structure of the large pancake daily line W bottom has formed. After Ethereum broke through the historical high with increased volume, it has not stabilized yet. In the short term, the indicators are being optimized through fluctuations; breaking the new high again is just a matter of time. It is difficult to drop to a new low without significant black swan events. Of course, whether the large pancake can continue to break new highs in the short term determines whether the 4th wave adjustment is over and whether the 5th wave of rise begins.