As the weekend approaches, all traders are probably paying attention to the market. Earlier this week, BTC surged to around 94,700, but it lacked the momentum to break through the 95,000 resistance zone, and subsequently, it showed a pullback and consolidation. The strategy for this week remains to go for high positions with good profits. As the weekend approaches, the hourly Bollinger Bands are beginning to contract rapidly, prompting the question: has this wave of correction ended? It’s likely that the answer will become clear tonight or on Monday.

Looking at the 4-hour chart, the three Bollinger Bands have already flattened, and the channel has entered a contraction phase dominated by a downward trend. After retracing from the high point, the price is now steady around 90,500, oscillating within a narrow range of 90,100 to 91,200. Trading volume has significantly decreased, indicating that neither bulls nor bears are willing to exert strong effort, and the downward momentum of the bears is gradually waning—yet, there are no signals of large-scale buy-in from the bulls.

The key focus moving forward is whether the 90,000 level and previous lows can hold, and to remain alert for whether the 92,000 resistance can be broken. Ethereum’s movement is generally consistent, fluctuating around the middle Bollinger Band near 3,100. The support zone between 3,050 and 3,020 is critical. If BTC breaks through the resistance zone first, ETH could potentially rise to around 3,160.