5.11 Concubine

Market fluctuations are relatively stable; the resistance above is obvious. No effective breakthrough momentum has formed yet, and the overall coordinated performance is weaker than that of Big Pie.

Key points to note: After Bitcoin’s strong rally lifts market sentiment, Ethereum is likely to see a second round of catch-up rebound. The expectation for the catch-up is gradually building.

On the daily timeframe cycle, Ethereum has long been in a bottoming-and-accumulating sideways consolidation pattern. The consolidation and corrective structure have had sufficient time, and the correction has been digested properly. Overall, the foundation of the uptrend remains solid, and the big-picture direction continues to be bullish.

After the smaller timeframe completes the bottoming and rebound repair, the price has consistently held up and accumulated strength through sideways consolidation in the high range. The bull market structure has already taken shape—everything is in place, and it is simply waiting for a decisive breakout and rally.

At the beginning of the week, the trading approach is clear: primarily buy the dips and go long on pullbacks, patiently hold for positioning, and once the market breaks out with increased volume, follow through on the subsequent swing layout according to the strength of the upward continuation.

Concubine
Buy on dips around 2300-2335, target 2400-2480. $BTC ‌#Gate广场五月交易分享