According to Michaël van de Poppe, a prominent crypto analyst, traders should 'touch grass and chill' amidst current market volatility. This advice suggests that investors maintain a calm demeanor and avoid impulsive decisions during turbulent times. Historically, strategic patience has proven beneficial in navigating unpredictable markets, making it a crucial approach for traders (source: Michaël van de Poppe on Twitter).

According to Milk Road (@MilkRoadDaily), the term 'consolidating' can be used to describe a cryptocurrency's price movement within a narrow range after a decline, which is a common trading strategy to calm investors. This implies a potential stabilization period before the next major move, which traders can interpret as a signal to hold or wait for further indicators before making trade decisions.