Momentum indicates consolidation: The cryptocurrency market’s weakening momentum, marked by declining trading volumes and profit-taking by long-term holders, suggests a short-term consolidation as per 10x Research. This phase is not bearish but rather an opportunity for portfolio reassessment and identifying future growth opportunities.

Tips for navigating the phase: Markus Thielen of 10x Research advises traders to focus on core positions in strong assets like Bitcoin and Ethereum. During consolidation, investors should avoid weaker segments posing higher risks and stay informed with market tools, preparing for the market’s eventual recovery.