This wave of market has left many people missing out, and now at this position, they are afraid to enter the market, so they start shorting. Currently, many people short to bet on a significant drop like the one on May 19. Therefore, when the price declines in the short term, they are not in a hurry to take profits, but instead greedily wait for a bigger 'waterfall.' The problem is that the market often fluctuates and does not provide a swift drop, which causes people's mentality to break down—while the direction is correct, the profits are not realized for a long time.

Looking at the current trend of Bitcoin, if it cannot strongly break through in the next few weeks and instead maintains this indecisive structure, it is likely to consolidate for three to five weeks. However, don't be too pessimistic; this is actually a form of energy accumulation—if it holds, it is building momentum for the next phase.

As for Ethereum, it actually signaled a buying opportunity when that big bullish candle appeared; those who entered at that time are now reaping the benefits of the rebound. From the trend, the market's focus is gradually shifting from Bitcoin to Ethereum and other altcoins.

The recent rotation is very obvious: when Bitcoin drops sharply, altcoins immediately rebound. Funds are slowly shifting, and risk appetite is beginning to spread. However, this process will not be very smooth because market confidence has not yet recovered; most people are still hesitating, observing, or cautiously testing the waters. Such sentiment can easily be exploited by the main players to shake out weak hands, making you exhaust yourself before the real rise begins.

If you followed the rhythm and bottom-fished in early April, you should now be in a relatively comfortable position. Next, Ethereum may continue to consolidate for a while, mainly to digest the high-level chips and suppress confidence.

At present, there are no significant positive stimuli, and the market is still in a brewing stage. The most extreme scenario could see a pullback to around 2100, where there is technical support. In summary: if you hold altcoins, just continue to hold and don't make rash moves; if you are out of the market, don't rush to chase highs, wait for a pullback before taking action.