Regarding Bitcoin's current trend, if it cannot strongly break through in the next few weeks and instead maintains this indecisive structure, it is likely to range-bound for three to five weeks. However, don't be too pessimistic; this is actually a form of power accumulation — as long as it holds, it is building momentum for the next phase.
Looking at Ethereum again, it actually signaled back when that big bullish candle appeared. Those who entered then are now reaping the benefits of the rebound. From the trend, it seems that the market's focus is slowly shifting from Bitcoin to Ethereum and other altcoins.
The recent rotation is very obvious: Bitcoin drops, and altcoins immediately rebound. Funds are slowly shifting, and risk appetite is beginning to spread, but this process won't be too smooth, as market confidence has not yet recovered. Most people are still hesitating, waiting, or testing the waters with light positions. This sentiment can easily be exploited by the main players to wash out the market, making you feel exhausted before the real rise begins.
If you followed the rhythm to buy the dip at the beginning of April, you should be in a relatively comfortable position now. Next, Ethereum may continue to consolidate for a while, mainly to digest the high-level chips from earlier and suppress confidence. As it stands, there are no major positive stimuli, and the market is still in the brewing period.
Let me mention several key altcoins: the five kings of this rebound: Pepe, SUI, Pengu, Virtual, Bonk!
1.AI sector leader VIRTUAL: The strongest king of AI + Crypto, with technology crushing competitors; buying the dip is like giving away money!
2.SUI: See 4.85-5.00.
3.Doge: See 0.3685. The weekly MACD is about to golden cross.
5.fet: See 1.35.
6.ada: See 1.085.
7.xrp: See 2.95-3.00.
