The main rising phase of a bull market has this feeling of being pushed from behind, testing key support, but managing to pull back. Once Bitcoin reaches a new high of 120,000, a structural altcoin season is likely to follow.
ETH briefly broke through 2,700 USD, and in the past three months, many whales have been liquidated due to forced selling. The vast majority of people have either cut losses in a bear market or passively been liquidated, with many influential figures claiming that there are no longer any dividends in the crypto industry and that ETH is completely failing, leading many retail investors without judgment to follow the trend blindly.
I have been in this market for nearly nine years, and regardless of any market conditions, only a few people make money. It is just a different manifestation of human nature each time.
