U.S. CPI and PPI both came in above expectations, fueling expectations of another rate hike this year. Risk appetite is under pressure, directly weighing on SOL, and I lean bearish in the short term, with rebounds likely to lack momentum. On the flow side, the price is 104.43, down 1.7% over 24 hours. Open interest stands at 2.99 million coins, while the funding rate is -0.0026%. Shorts paying funding indicates a bearish bias, but positioning is not extreme. The buy/sell ratio across the top 10 levels is 0.64, with 23,000 sell orders outweighing 15,000 buy orders; both the 1-hour and 4-hour trends are downward. Strategy: consider a small short on a rebound to 105.12, with a stop-loss at 106.31 and a target of 102.86. If price retests 102.51 and holds, consider a short-term long, with a stop-loss at 101.74 and a target of 104.05. Keep each position below 5% of capital, and don't hesitate to exit if support breaks.

— Personal opinion only; this is not investment advice. Wishing you successful trading. —

$SOL #U.S. CPI and PPI both came in above expectations. Could there be another rate hike this year?