#Gold is surging again, hitting a new historical high of $4,300. Is the capital really rushing to price in expectations of rate cuts, or is it seeking safety? This question is actually the same as the logic we follow when trading SOL.

SOL is currently trading at 75.67, down 1.8% over the past 24 hours. However, the 1-hour and 4-hour timeframes are both rebounding and repairing, with still 2.22% of room before reaching the stage high. In other words, moving from 75.67 to 77.4 is just a small step—there’s still some upside momentum left.

This side of the order book isn’t very friendly: the total sell volume is 49,953, while the buy orders are only 29,747. The sell side’s strength is nearly 1.7 times that of the buy side. In this kind of structure, estimates for levels above 77 will likely have to be ground down repeatedly and won’t be so easy to break through in one go.

The funding rate is 0.0067%, mildly bullish overall. Leverage isn’t overly piled up, so in the short term there shouldn’t be a liquidation-driven selloff. Open interest is 3.08 million contracts, with no obvious abnormal movement.

**Short-term idea**: If it pulls back near 73.5, you can try a small long position. Place the stop loss at 72, with a target of 77.4; if it reaches 77.5 but can’t hold above it, take profits first and don’t get greedy.

**Risk point**: If gold’s new high triggers another round of risk-off sentiment and crypto gets sold off across the board, 71.2 (the 4-hour low) is the key support line. Once it breaks below that, the medium-term trend will turn bearish.

—This is only my personal view and does not constitute investment advice. Wishing you smooth trading. —