This week, the crypto market needs to gear up. The fluctuations faced by major cryptocurrencies $ETH $BTC $BNB are the result of the combined impact of two major events.

On Friday, both options and futures contracts expire simultaneously (Triple Witching Day, which occurs only four times a year), meaning trading volume will surge, and the market is prone to swings between bulls and bears. Historical data shows that on such days, prices can plummet or skyrocket unexpectedly.

But the more critical event is on Thursday—the Bank of Japan's interest rate decision. Market pricing indicates a 94% probability of a rate hike. What would happen if they do raise rates? The yen would appreciate, arbitrage traders would close their positions and exit, potentially recreating last year's chain of sell-offs. Remember the panic in 2024? Similar risks might not be far off again.

With these two variables stacking up, short-term uncertainty is at its peak. My straightforward advice: during this window, managing your positions is more important than anything else. Set proper stop-loss and take-profit levels, and avoid being tempted by extreme volatility to chase gains or cut losses.

What do you think? Will the Bank of Japan actually raise rates as the market expects? Or are there other surprises? Share your judgment in the comments.