【Night Market Quick Read】Analysis of the Linkage Between Bitcoin, Ethereum, BNB, and SOL

Although the short position tonight was triggered by the moving stop-loss during the rebound, resulting in some profit-taking, this is not a concern. The key is to stay in sync with the rhythm— as long as the price moves upward again, the bearish strategy should continue.

The current core factor is Japan's interest rate hike policy, which is an undeniable bearish signal. The expectation of tightening macro liquidity has already begun to impact risk asset pricing, including the crypto market. BTC is facing pressure on the daily chart, ETH is also under pressure, and BNB and SOL, as ecosystem tokens, are similarly affected.

In the short term, rebounds can be seen as opportunities to short. The certainty of Japan's interest rate hike will continue to pressure the risk appetite of the entire crypto market, which is the main anchor for our judgment of the subsequent trend. Continue to look for rebounds to short.