I sold #FTT , doubling my position, at $1.8, and bought #SOL at $18.2. The two projects belong to the same ecological sector, and are nominally still bloodline projects.

The reason for selling FTT is that the short-term speculation cycle may be over, and the opening of the FTX exchange may cause a sharp decline in prices as it lands.

Now there is an upward reversal period on the market, and there are also pressure positions and market fluctuations. The three highs on the daily line are almost all in the same range of 2.4 - 3 US dollars, and the trading volume has also been surging in recent days. Due to the market volatility and data release yesterday, a large number of chips fled and the price fell back to 1.7 US dollars, but this also reflects a problem. The capital position is still there and has not fled because of the pressure level or the influence of the market. Almost all of the market is caused by retail investors and some large traders, so for the future market or low-priced chips, we will continue to wait for opportunities to enter the market.

The market saw a "heaven and earth needle" trend yesterday. Let's review the data from yesterday: (20:30) The core price index for May was announced to have a lower annual rate. (22:00) The US one-year inflation rate forecast for June was announced to be 3.3%, which was consistent with the previous value and did not change.

#BTC 's 4-hour chart has been oscillating, and the bottom closing position on the trading volume has gradually lowered. On the weekly chart, there is a possibility that the price will fall back due to the flat pressure level, but how the closing will turn out is more anticipated at the opening of Monday.

The reason for switching positions to hold SOL is very simple, that is, because the trend is better than the current trend of most targets. SOL showed a large sell sentiment in the 4-hour trend last night, and the overall situation is still bullish. In addition, although SOL was affected by the bankruptcy of FTX, the overall impact was not large. About US$717 million of the debt is FTX Token (FTT), Solana (SOL) and Serum (SRM), and the settlement is mainly in euros, which is a big problem.

The above are only my personal reasons for purchasing SOL. The cost is US$18.1. Other higher cost holdings include #FIL #SNX , which are only for record and not used as recommendations.