Why has $btc reached new highs while $eth not only hasn't followed but has also continued to decline and even plummet? Is $eth preparing to replicate the disastrous drop of May 19 with a bunch of altcoins?

I looked around for information and did not see any serious negative news regarding $eth. Therefore, regarding the performance of $eth and a host of altcoins, I can only draw one conclusion: there is new capital entering the market, but it is not enough! I have been emphasizing that as long as the overall fundamentals do not change fundamentally, this rise is limited. This time, $btc, in seeking a breakthrough to achieve its goal of a new phase high, can only siphon off from altcoins led by $eth. With $btc's large market capitalization, how much capital is needed to pull up just a few percentage points?

Therefore, this surge of $btc is unhealthy; although it has reached a new high, the cost is not small. At the same time, it has also achieved the goal of greatly cleaning out the bulls of $eth. After watching the charts for two hours today, I came to a small conclusion. Before the fundamentals undergo a complete change, such as a specific interest rate cut timeline being confirmed, otherwise, a small top for $btc may be approaching. Why a small top? Because the decline will be limited, and there is basically no situation where it goes up significantly and then drops down significantly. However, it will dig a pit, which is what was mentioned last week, the 'golden pit.'

In addition, $eth may have reached a phase of selling point. Its uncertainty is relatively large. For the remaining time this month, $eth will likely be mainly in a wide fluctuation.