If price action develops like this on $SOL, it could present a compelling swing short opportunity. Prior to the last impulsive move down, we saw comparable structure: an initial push down, a modest relief bounce, and then rejection at the D1 100MA, which preceded the next leg down.

That said, a similar framework applies to $BTC and $ETH. If price begins consolidating and establishing acceptance around the previous monthly high, this bearish outlook would be invalidated and instead support a continuation to the upside.
At present, price is coiling within increasingly tight ranges, suggesting continued chop until the next expansion phase. However, prior fractals and higher time frame market structure still point toward further downside.