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This 1-month rise has directly erased the decline of the previous 7 months, with the key level for $SOL seen at 120 If it holds, there will be room to look at 125 or even higher; If it doesn't hold, it can easily become a false breakout, and funds will flow back to BTC or go into wait-and-see mode. This round of SOL's rise looks fierce, But essentially it's still driven by sentiment recovery + capital rotation + ETF support; ▶️ Altcoin season index is rising, BTC is consolidating around 84,000, and funds are rotating to SOL. ▶️ Meme sentiment is driving short-term buying, ▶️ On the ecosystem side, DEX activity, RWA, and stablecoin data are also good, ▶️ On September 24, the US spot SOL ETF had a net inflow of about $32.8 million, with cumulative net inflows exceeding $1.5 billion. ▶️ Sentiment ignited + positive stimuli, when it surged near 122 intraday, a batch of short positions was liquidated, accelerating this upward push. Next, watch 120 as it changes from resistance to the immediate long-short dividing line: 1️⃣ Can the pullback to 120 be quickly bought back? If it falls near 120 and is immediately bought back with no obvious volume shrinkage, it means the breakout is valid. 2️⃣ Can BTC continue to hold steady around 84,000? If BTC consolidates, funds dare to continue rotating to high-elasticity assets like SOL; if BTC weakens, SOL will likely also pull back. Don't rush to call for 300 yet, first hold 120. If it holds, then talk about the next step; if it doesn't, treat it as a false breakout. #美联储重启加息，BTC为何仍有韧性？