#BinanceABCs Japan Rate Hike Incoming, What Are the Short-Term Risks for Mainstream Coins?

Last night, the market played out a familiar scene—initial rise followed by decline, forming a classic double-top pattern. Both bulls and bears repeatedly tested each other, and retail users were continuously drained in this back-and-forth. Honestly, the current market conditions are not suitable for greed; staying cautious is the way to go.

The key catalyst is in front of us: the Bank of Japan raising interest rates by 25 basis points. This move will have a significant impact on the entire crypto market.

Let’s look at the current state of the major coins—BTC, ETH, and SOL. The bearish forces are quite concentrated and intense. This signals a strong short-term bearish expectation in the market. From the perspective of spot ETF holdings, the institutional stance is quite interesting: BTC has seen a net outflow of $12.3 million recently, while ETH has a net inflow of $5.6 million, and SOL remains stable with a net inflow of $3.6 million. What does this contrast indicate? There is a clear divergence among institutions; their outlooks vary, but overall, they remain quite cautious—more inclined to wait and see rather than aggressively build positions.

Based on these phenomena, the short-term outlook is indeed concerning:

BTC remains weak, with an expected short-term range of 83,500 to 89,000. Volatility is significant, but the direction is not yet clear.

ETH has limited rebound potential, with a generally weak trend. The short-term trading range is estimated between 2,700 and 2,960.

SOL faces ongoing downward pressure, with short-term fluctuations expected between 112 and 122.

In summary, I remain cautious about the recent trend. At this stage, it’s more prudent to short on rallies.

Regarding specific contract operations:

**BTC Strategy**: Consider shorting around 86,500 or waiting for a rebound to higher levels before entering. Add to positions at 89,500. Take profits in stages, with an initial target of 84,000.

**ETH Strategy**: Set short entry at 2,950, or wait for a higher price to follow up. Add positions at 3,000. Take partial profits if the price drops to 2,780.

**SOL Strategy**: Short opportunities around 121, or follow up at higher levels. Add positions at 124. Initial take profit target is 113.

Honestly, precise entry points require real-time monitoring and sensitivity to subtle market changes. Yesterday, I shared with the community an opportunity to short ETH at higher levels, which yielded good results. If you’re unsure about the exact timing, feel free to discuss in the community. I will continue sharing the latest technical levels and market observations there.