Let’s put the conclusion up front: the major coins will likely continue to consolidate, with sideways movement being the main theme.

Looking at the latest liquidation heatmap, the long and short positions for Bitcoin and Ethereum are pretty evenly matched and quite concentrated. What does this mean? The market is hesitant, and everyone’s waiting for a signal. But this balance is fragile—if a one-sided trend emerges, cascade liquidations could come quickly and forcefully, so it’s important to keep a close eye on the charts in the coming days.

Solana’s situation is different—shorts have a clear advantage and positions are densely packed. There’s strong short-term bearish sentiment. If there’s another quick dip, longs may not be able to withstand it and could be liquidated en masse, which could then trigger a rebound that squeezes the shorts—this scenario has played out several times recently.

Looking at institutional capital flows: Bitcoin spot ETFs saw a net outflow of $89.2 million yesterday, but Ethereum ETFs had a net inflow of $11.8 million, and Solana saw $1.2 million come in. Overall trading volume isn’t that high; institutions are being quite cautious and mostly staying on the sidelines. The US stock market also moved sideways last night with limited volatility, which made the crypto market even calmer.

In my view, the market is likely to continue oscillating around $90,000 in the short term. The main thing everyone is waiting for is Thursday’s interest rate decision and Powell’s speech—that may be the real catalyst for a breakout.

Reference ranges:
- Bitcoin: $88,000–$92,000
- Ethereum: $3,000–$3,200
- Solana: $127–$138

If you’re trading futures, you can consider the following strategies:

**Bitcoin Trades**
Long: Enter around $88,500 or on dips, add more at $86,000, take profit in batches at $91,500
Short: Enter around $91,000 or on rallies, add more at $93,000, take profit in batches at $88,500

**Ethereum Trades**
Long: Enter around $3,080 or on dips, add more at $3,000, take profit in batches at $3,150
Short: Enter around $3,150 or on rallies, add more at $3,230, take profit in batches at $3,070

**Solana Trades**
Long: Enter around $132 or on dips, add more at $127, take profit in batches at $136
Short: Enter around $135 or on rallies, add more at $140, take profit in batches at $130

A few final reminders:
Set your stop-losses based on your actual position cost and risk tolerance—don’t try to tough it out. If you’re on the right side, hold your position; if not, admit it and cut losses. It’s better to take a small loss than stubbornly hold until liquidation. Take profits when you can—locking in gains is the key to long-term success.