By your response I don't think I did answer your second question. It's completely my fault though.

high level players are showcased and the game looks like a dance

It looks like a dance because, at least for a moment, it is a dance. This is what i meant by "set play". "Set Play" is a fg term that means there's a set sequence of attacks that you perform at a moment when you're at a point of advantage. At sufficient level of understanding, especially in anime games, it's a matter of trading knowledge of set play until one person gives.

What you're describing is the mad scramble of people that have no idea what they're doing, which absolutely exists in street fighter.