I mentioned in my message on the 15th of this month that the probability of a bull market is higher at the moment. In the message two days ago, I continued to indicate that I remain optimistic about a bull market, and indeed we have seen a significant rise in the past two days.

Now BTC is ready to challenge its high point, and from a technical analysis perspective, it currently shows a very standard upward pattern, which is an excellent upward formation. Unlike the sharp surge on May 21, which was quite dangerous due to insufficient momentum, if a retracement occurs without stabilization, it can easily drop below previous lows.

ETH is still under observation, but we can see that BTC has been moving quite consistently; this is precisely the most perfect and simplest principle of technical analysis: continually breaking through previous highs and consistently surpassing previous lows. Additionally, other indicators have adjusted perfectly. Once a trend is established, it is difficult to change, and I am optimistic about BTC breaking new highs.

For those who really want to be like Soros and short the market, I suggest you find some altcoins with weak fundamentals to short (for example, don't short the DeFi series; although BTC may bleed when it rises, it is still a sign of a bull market. Altcoins are like brokerages in a bull market; shorting them is purely aiming for a small loss). Don't think about shorting BTC. Moreover, if there is a real downturn, those altcoins will drop more than BTC, and the profit margin will be larger.