Looking at the current trend of Bitcoin, if it cannot break through the current bottleneck in the next few weeks and maintains this indecisive state, it is highly likely to experience sideways fluctuations for three to five weeks. But don't panic, this is actually building momentum — as long as we hold on, we are accumulating energy for the next phase of the market.
As for Ethereum, it already released a signal when it last made a large bullish move, and those who entered at that time have already reaped the benefits of the rebound. From the market perspective, funds are slowly shifting from Bitcoin to Ethereum and other altcoins, and the signs of rotation are clear: when Bitcoin pulls back, altcoins rebound in response. However, this process won’t be smooth; market confidence is lacking, and most people are still watching and hesitating, with many lightly testing the waters. This sentiment can easily be exploited by the main forces to shake out weak hands, and only when you become anxious will the market truly start to move.
If you followed the rhythm and bought the dip in early April, your position should be quite comfortable now. Next, Ethereum may still need to move sideways for a while, primarily to digest the high-level chips from before and to wear down floating positions. Without major positive stimuli, the market is still in a brewing phase, and in extreme cases, it may pull back to around 2100, where there is technical support. In short, hold onto your altcoins and don’t make hasty moves if you’re in cash; wait for a pullback to find opportunities.
