Recently, Bitcoin's movement gives a very rhythmic feeling—pumping, dumping, actions clean and swift. In contrast, US stocks, gold, and silver are all soaring, but Bitcoin seems a bit sluggish, which makes me wonder if big institutions are still quietly accumulating positions.

From the 4-hour chart, it currently shows a wide-range oscillation pattern with no clear directional trend. Personally, I am more focused on Japan's interest rate hikes. Once there is concrete information from that side, I will observe how the market develops next.

Over the past couple of days, interestingly, outside the privacy sector, the on-chain meme sector seems to show signs of revival. Specific projects are up to everyone to research, but risk control is a must.

**BTC Key Levels**

On the hourly chart, the movement has been bumpy, retail traders' willingness to go long is not high, but the rebound strength at the 2-day moving average is building up. This momentum might only be fully unleashed next week. Once the rebound takes hold, the price could attempt to test the 97400-98800 range.

Currently, there are two hurdles: the 2-day Bollinger middle band around 93570, and the 1-day Bollinger upper band near 94250. As long as the price breaks through the 93570-94250 range, the 3-day rebound can be considered successful, and the next target would be to explore the 97400-98800 zone. This phase of the market is usually very violent, a high-risk period for short squeezes. After a rally, if next week encounters negative news triggers, another sharp dump could happen.

The critical level for bulls is 89000; a breakdown could lead to a complete collapse. For bears, the defense line is at 94600; breaking through that could send the price straight to 98,000.

**ETH Short-term Analysis**

Ethereum faces resistance at 3272 and support at 3150 (extreme case down to 3142). If it drops below 3150 in the short term, the decline could accelerate further. Currently, volatility is narrowing, and the next direction remains to be confirmed.