Bitcoin rebounded to around 92,000 last night, and the 1-hour rebound structure has already completed its move. However, Ethereum's 1-hour rebound is still ongoing, so this weekend is likely to present a sideways consolidation pattern. We should wait until Ethereum's 1-hour rebound is finished before making further plans. From a broader perspective, the 4-hour downward structure has not yet completed, and the correction cycle and amplitude are still insufficient. It is expected to continue downward next week.

Specifically, Bitcoin has successfully completed a 1-hour rebound from 89,311 to 92,082, forming a standard three-wave upward-downward-upward internal structure. Ethereum, on the other hand, has not yet caught up, and with weekend liquidity being relatively weak, there is still a chance for it to oscillate and rebound between 92,000 and 93,000.

In terms of timing, around Sunday or Monday, Bitcoin may initiate a third 1-hour downward wave, targeting around 86,000. On the 15-minute chart, it should continue to consolidate sideways before pushing towards the 92,000 to 93,000 range, then start the third downward wave with a target break below 87,700.

For Ethereum, the 1-hour rebound structure has not yet been fully realized. Although there was a rebound last night, the duration was clearly insufficient. We will wait to see if tonight or tomorrow it can push again into the 3150 to 3200 range to complete the 1-hour rebound. After that, it will begin the third 1-hour downward wave, with a target below 2950. During the 4-hour correction, there is still a possibility of testing 2800, but as long as the support at 2717 is not broken, the next 4-hour rebound could potentially reach around 3800.

Patience and observation are key; a good opportunity for a long entry to catch the bottom should not be far away.