Ladies and gentlemen, a recent piece of news that could potentially move the market has emerged, directly related to our asset allocation.

Let's first look at the policy-level changes. The Federal Reserve's candidate chairperson and board member Waller has recently made statements. This official, known for his dovish stance, explicitly pointed out that the employment market shows signs of weakness, and the Federal Reserve still has room to cut interest rates further. His position is clear — continue to promote rate cuts and bring interest rates closer to the "neutral level." This process will not be rushed but will proceed steadily, with the main goal of releasing liquidity. Notably, he also emphasized the independence of the Federal Reserve, which is a signal to Trump. As is well known, Trump has had opinions on the pace of rate cuts by the Fed, but Waller's statement is essentially a preemptive warning.

From a macro perspective, once the easing expectations of the Federal Reserve take shape, global liquidity will face a turning point. Historical data shows that whenever such expectations form, risk assets like Bitcoin, Ethereum, SOL, and others tend to be the preferred destinations for funds. This policy signal is indeed a positive factor in the long term.

However, turning to technical analysis, SOL's recent performance is not as optimistic as the policy outlook. The price is currently hovering around the $123 range, appearing somewhat stagnant. There is a clear resistance zone at $130–132, like a wall blocking the way. Support levels below are also weakening, showing a dilemma of going up or down. Whether it can break through this resistance in the short term depends on observing trading volume and other indicators.