The current market situation, especially the stagnation of BTC, is in stark contrast to the market FOMO sentiment. Many people are beginning to look forward to the arrival of altcoin season, and ETH's strong rebound further reinforces this bullish expectation.
But history is always remarkably similar—last year's market trend in March is strikingly similar to the current situation. The current market is quite similar; in fact, many people have already profited from this wave, some were previously stuck and haven't exited, now thinking they can earn more, and some haven't even broken even yet. Others have entered this time and made profits, but many people won't be able to sell at the top, which renders it useless.
If you can buy but not sell, thinking the bull market is here, and the market keeps rising, just holding on will definitely yield profits. However, once it declines, you will be brought back to reality, and normally you will once again be stuck, going back and forth like a roller coaster.
BTC has begun testing the critical level of 116, and this week it is likely to dip into the 113-114 range. Once BTC weakens, ETH will follow closely behind, forming a top and pulling back, while the declines of altcoins are often more severe. $BTC #加密立法新纪元