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The rise triggered by Powell's dovish news on Friday has now completely pulled back, except for Ether.
Why is Ether weak against Bitcoin?
The altcoins won't follow Ether's rise this weekend.
There is only one reason
The main force of BTC has been pulling up the price by swapping positions and selling ETH.
The counterfeit is completely invisible to them.
Currently, Bitcoin is in a top structure.
The US stock market is also in a topping structure.
Shanzhai can also have the appearance of a pullback.
The market is really too fragmented.
I don't know how long this false prosperity can last.
It may really take until the interest rate cut is implemented and liquidity is released to achieve true market prosperity.
Additionally, I would like to remind everyone.
The era of copycat projects is over.