Hello everyone, I am Trading Yang.

SOL just broke through the level of 137, and it looks like the momentum is quite good, but whether it can continue to rise to 145 depends on the impact of two important events tonight.

One is the U.S. initial jobless claims data at 9:30 PM, and the other is the Federal Reserve's Beige Book at 3 AM. If the jobless claims data is better than expected (favorable for the dollar), SOL may drop, possibly down to 132, or even worse to 125; if the data is worse than expected (unfavorable for the dollar), it might try to push towards 145, although the level of 152 poses significant resistance.

From a technical perspective, SOL is fluctuating between 137 and 145. Although some indicators look decent, there are also indicators that haven't kept up, so a false breakout cannot be ruled out.

My suggestion is to refrain from trading before the data is released and to stay cautious. If the data is favorable, and SOL breaks through 145, wait for a pullback to 137 to confirm it has stabilized before entering with a light position; if the data is unfavorable and it breaks below 132, don't rush to catch the bottom, as the level of 125 may be more secure.

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