Bitcoin has rebounded from the bottom of wave 3 to now, but it doesn't show much strength.

The bottom hasn't had significant volume, and the rebound is also on low volume; as a result, it hasn't even touched 106,000. It looks quite weak. Currently, the daily chart is still moving sideways in a downtrend channel, and it's highly likely that it won't hold the 112,000 level. To put it bluntly, it feels like a continuation of the downtrend, with no bullish momentum.

If the bulls and bears are temporarily balanced, we can only rely on time to change the space. From the chart (yellow upward line + blue downward channel), the converging triangle is tightening; theoretically, it can only move sideways until the 17th, and we'll see if it breaks upwards or continues to fall. For now, let's just watch after the lows and highs are established; no need to rush.

Ethereum is just doing its own thing, regardless of Bitcoin's fate. It has broken the original upward channel, and now we need to see if it can hold the middle line of the daily Bollinger Bands. If it can hold, there are still opportunities ahead.

Mainstream altcoins are actually quite miserable, following Bitcoin’s daily downtrend and not keeping up with Ethereum. This is the most obvious divergence in the current market.

PEPE is still barely holding at the lower edge of the converging triangle, poised to break at any moment. Without volume, it won't stop falling, so we'll hold off for now and continue to watch.

SUI is slightly better, showing signs of stabilization, but the rebound is still weak. It is attempting to change the slope of the downtrend channel. For now, it is likely to move sideways for a while. If you're looking to buy the dip, 3.1 and 2.85 are relatively comfortable levels.

Overall, it's still undergoing a four-wave adjustment. The market lacks any definite bullish news and no frightening bearish news, continuing to drift in oscillation. It might take until the end of the month to find a direction.

During this period? Just play with oscillating trades, short-term contracts for high selling and low buying, and pass the time during this garbage period.

However, Ethereum can be anticipated. Don't make any moves; keep half your position on hand! $ETH