The current price of SOL at over 200 is not cheap. If you only buy a few dozen or a hundred and it rises to 500, it will just double. If you have to buy it for mining, you have to buy it regardless of the price. Purely trading spot, I personally think the current significance is not very great. Large funds can play short-term rebounds for profit. Personally, I have never bought a single SOL above 82, and I have sold a few thousand SOL in batches between 160-250.

Due to its strong elasticity, it's suitable for contracts. Although I am bullish in the mid to long term, BTC has been sideways this week and has not moved in a big direction, hovering around 95,000, fluctuating up and down. If BTC revisits 90,850 and breaks down to around 89,850, SOL may pull back to the middle track of the 3-day Bollinger Bands and test the strong support at 200 before a strong rebound. Therefore, around 200 is a major buying point. So there is a certain probability of picking up at 212.85 and 200.50 recently.

The layout for spot buying is more based on the bearish expectation in the short term and bullish expectation in the mid to long term. If it has risen for several consecutive days or has not risen much after a long decline and is weak in rising, it should not be bought. The 'low long' in contracts is essentially to go long after a decline, which also falls under the bearish expectation for the short term and the expectation of a rebound after an oversell. The difference from being bullish and going long in the short term lies in moving the profit target up or down a few points.