After ETH's surge, the market has entered a crucial consolidation period
In the past two days, Ethereum surged by 680 points, reaching a high of 4888, igniting market sentiment.
Mainstream coins like BTC, SOL, and BNB were also driven by this momentum, resulting in a collective upward movement.
But now you will notice:
The market has generally entered a correction + consolidation state.
Many people are asking:
"Is this a buildup for another surge, or will there be a second dip?"
Why consolidation?
Digesting after the surge: Short-term profit-taking is too heavy, and the main forces must shake to eliminate floating positions.
Emotional recovery period: Retail investors who chased highs are trapped and need consolidation to wear down their patience.
Weekend liquidity is thin: In the absence of volume, the main forces will not easily express their stance.
Two possible scenarios ahead
Continued upward movement:
If ETH holds the 4700-4750 range without breaking, capital will flow back early next week, and mainstream coins will see a second rebound, targeting the previous highs or breaking them.
Confirmation of a dip:
If ETH falls below 4700 with heavy selling, it will lead the entire mainstream sector to dip first, with BTC possibly retracing to 113000-114000, ETH dipping to 4500-4550, while other mainstream coins follow suit.
Strategy reference
Short-term: Don't chase prices; buy low and sell high in the consolidation zone, focusing on key support levels.
Medium-term: Keep your positions steady; if the trend isn't broken, don't get shaken out.
No positions: Don't rush; the direction hasn't been revealed yet; next week is the real decision point.
In summary:
The current consolidation is not the end but the calm before the storm.
Until the direction is clear, only those who can endure will have the chance to benefit from the next big opportunity.
As for my current position and breakout point,
I won't write it here
