Tech Sector: Nasdaq 100's Tightened Volatility Hints at Crypto Opportunities

As the S&P 500 and S&P 100 approach their early June all-time highs, the Nasdaq 100 (QQQ) remains trapped in a triangle, tightening as the daily Bollinger Bands (BBs) close in on the tightest levels seen this year. The ETF has returned to its two-month-old level, suggesting potential for directionless trading as tech earnings begin flowing heavily only in the last week of July. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) remain in bear markets since their respective peaks in October 2025 (BTC), August 2025 (ETH), and January 2025 (SOL). On the weekly chart, ETH appears to have completed a five-wave decline and sits just below its bear-market trendline.

The tightening volatility in the tech sector signals that markets may need more time to determine direction. Meanwhile, ETH's position below its trendline suggests a potential turnaround point in crypto markets.