Bitcoin is currently consolidating sideways, and the recent drop has exceeded 6%, leaving the bulls basically stunned. The trend is weak, and it looks like it's about to break below the key support level of 101,900. If it breaks, it may quickly drop below $100,000.

Ethereum is also not optimistic, with both the daily and monthly charts trending downwards. The key support below is at 2,170. Based on the current trend, there is a high probability that June will see a retracement of half of May's gains.

Ethereum's trend generally follows Bitcoin's. If Bitcoin continues to fall, Ethereum won't hold up either, and the support level may not be maintained. Overall judgment suggests that the market will continue to decline in the short term. Once Ethereum returns to around 2,100, it may be worth considering re-entering the market.

Mainstream altcoins are also following Bitcoin's fluctuations and adjustments today. Initially, it was thought there would be a small rebound, but the overall market is too weak, and further adjustments are likely. Those who entered at lower levels yesterday can continue to hold, while those who haven’t entered are advised to wait, as there may be lower prices ahead.