Recently, there has been a strange divergence in the cryptocurrency market: Bitcoin is breaking historical highs one after another, while Ethereum has not only failed to rise in tandem but has also fallen into a continuous dip, and at certain periods has even dropped sharply. This resembles the crash of the cryptocurrency market on "5/19" in 2021; is Ethereum preparing to lead the group of altcoins to recreate that bloody history? Judging by public information, there have been no serious negative news regarding Ethereum lately. Whether it's progress in eco-friendly construction, support for technological upgrades, or project implementation dynamics, there are no negative factors that could cause a sharp drop in price. Based on market indicators and capital flow, we can conclude that although new funds are entering the current market, the overall scale is still insufficient. I have repeatedly emphasized that there are natural limits to the upward momentum of the market in the absence of fundamental changes in the macroeconomy and the foundational aspects of the cryptocurrency industry.

==================================
💎
💎
==================================
Bitcoin's recent rally has reached an all-time high, and to achieve this landmark breakout, liquidity had to be withdrawn from the alt-led market led by Ether. After all, Bitcoin's huge market cap determines that for every percentage increase, a significant investment is needed. This capital-sucking effect creates a market structure that makes Bitcoin's current rise decidedly unhealthy. Although Bitcoin has successfully updated its all-time high, this has come at the expense of the deterioration in the market position of other crypto assets such as Ether, which has led to a serious imbalance of funds in the market in the short term. At the same time, the sharp swings in the Ether market have also reached the goal of liquidating long positions, and many investors looking for growth have been forced to close their positions amid a continuous decline.
==================================
💎
💎
==================================
From today's in-depth intraday analysis, I came to the following conclusion: Bitcoin is likely to reach a phased slight high before there is a significant shift in macroeconomic fundamentals, such as the Federal Reserve's clear timeline for interest rate cuts. The reason why it is called the "small top" is that, judging by the general market sentiment and capital alignment, even if bitcoin pulls back, its decline is relatively limited, and there is unlikely to be a sharp reversal of the "sharp rise and fall." A more likely trend is that Bitcoin will exit the "hole digging" pattern, which is the "gold pit" mentioned last week, and build momentum for the subsequent market through a short-term correction. Ethereum's situation is more delicate, and it has likely reached a phased delivery node. Due to the fact that its price trend is influenced by many complex factors, including the subsequent effect of the Shanghai upgrade and increased competition in the Layer 2 ecosystem, there is a lot of uncertainty about the future trend of Ethereum. Ethereum is expected to show a wide range of turmoil for the rest of the month, with bulls and bears competing fiercely for key prices.
#BTC能否冲上11万？# #AI 代理板块市值回升# #山寨币季节指数升至24#