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Recently, the Crypto Assets market has been fluctuating, making it hard to keep up. After experiencing a fall a few days ago, there was a brief pump yesterday, but it started to fall again in the evening.
Investors have established long positions in Solana (SOL) at 195 locations, choosing to hold on as the target price has not yet been reached. However, the market then began to fall.
The main reason for this fall is that the ETF application for SOL has been delayed until October. This is a short-term bearish factor for Solana. Nevertheless, analysts believe that SOL may still reach around the price level of 190 in the coming days. Investors may consider taking profits when the target is reached and temporarily wait to observe market trends.
Next, there are several important events worth paying attention to:
1. July 31: The Federal Reserve will announce its interest rate decision, and Powell will hold a monetary policy press conference. At the same time, the number of initial jobless claims in the U.S. for the week will also be released.
2. August 1: The United States will release the July non-farm payroll data, and the suspension period for reciprocal tariffs will also end.
3. August 2: ENA tokens worth $110 million will be unlocked.
Among them, non-farm employment data is particularly important and is considered one of the economic indicators that have the greatest impact on the market.
In the face of such a complex market environment, investors need to remain vigilant, closely monitor market trends and the release of important economic data. At the same time, it is also important to control risks and adjust investment strategies in a timely manner according to market changes.