Something feels off, it seems a bit ominous. Changing the way of thinking is essential. In fact, from an overall perspective, this wave of Bitcoin is inevitable. Ethereum broke 2700, it must take some action, and it shot up with a strong bullish candle, only to remain stationary right after breaking the previous high. This kind of movement is unusual. If Bitcoin had moved up with several bullish candles in an hour, it would be more acceptable, but it indeed shot up with one big bullish candle and then got stuck in a consolidation phase, which has lasted for over ten hours now. This is too abnormal. When Bitcoin breaks a new high, the market should go wild, but it is currently too calm.
Now let's talk about Ethereum. This wave of rise is mainly driven by Ethereum, and now, after Ethereum pulled up to around 2826 around 3 PM, it fell silent and did not continue to rise. Based on Ethereum's behavior over the past few days, it should have been continuously breaking upwards. However, it has indeed closed below 2800 for five consecutive hours, and two four-hour candles also closed below 2800. The worst case is that one one-hour close needs to remain above the opening price of 2793 from the 3 PM hour or the four-hour close at 8 PM needs to stay above the previous four-hour closing price. But now, it has been five hours without any breakthrough, and the four-hour line hasn't broken either, which certainly indicates weakness. If the US stock market has even a slight negative sentiment, it will inevitably lead to disaster. Therefore, it's essential to take a gamble, turning a bicycle into a motorcycle!