$BTC $ETH From a technical structure perspective, after the price surged, it retraced to the 91800 position for support and stabilization, then entered the phase of "high-level fluctuations and multi-period moving average entanglement," where the competition for funds between bulls and bears intensified, indicating that a directional choice is approaching;

The MACD indicator formed a high-level death cross above the zero axis, the red momentum bars quickly shortened to critical levels, and bullish momentum significantly weakened, with short-term retracement pressure continuing to show; the Bollinger Bands channel rapidly narrowed, presenting a "convergence pattern," with prices compressed between the upper and middle bands, where the upper band constitutes a significant pressure barrier, and the lower band serves as the key support line. Before the range is broken, the fluctuation and consolidation pattern is expected to continue.