This is a high-level consolidation after a rapid rise. Although the larger trend is clear, the resistance to further upward movement is strong, and time is needed for oscillation/correction to make the trend healthier. Therefore, chasing long positions here has a very low risk-reward ratio. Personally, I would choose to take some short-term short positions, but I don't recommend you do the same (90% of people in a consolidating market should just keep their hands off, as that is the most correct approach), because multiple factors can influence the outcome, and even the same position can lead to different results.