Currently, regarding the trend of Bitcoin, if it cannot break through strongly in the coming weeks and instead maintains this indecisive structure, it is very likely to consolidate for three to five weeks. However, don't be too pessimistic; this is actually a form of strength accumulation — as long as it holds, it is building momentum for the next phase.
Looking at Ethereum, it actually gave a signal as early as when that large bullish candlestick appeared. Those who entered the market at that time are now enjoying the benefits of the rebound. From the trend, the market's focus is slowly shifting from Bitcoin to Ethereum and other altcoins.
The recent rotation is very evident: when Bitcoin drops sharply, altcoins immediately rebound. Funds are slowly shifting, and risk appetite is starting to spread, but this process won't be too smooth because market confidence has not yet recovered. Most people are still hesitating, observing, or cautiously testing the waters. This kind of sentiment can easily be manipulated by the main players to shake out weak hands, grinding you down until you are exhausted before the real rise begins.
If you followed the rhythm to buy the dip in early April, you should now be in a relatively comfortable position. In the future, Ethereum may continue to consolidate for a while, mainly to digest the high-position chips and suppress confidence. Currently, there is no significant positive stimulus, and the market is still in a brewing period.