I mentioned on the 15th of this month that the probability of a bullish trend is currently higher. In the message from the day before yesterday, I continued to express optimism about a bull market, and indeed, we have seen a significant increase over the past couple of days.

Now BTC is ready to push for a high point, and from a technical analysis perspective, it currently presents a very standard upward pattern, which is a very good upward formation. It is not like the sharp rise on May 21, which is quite dangerous due to insufficient momentum; if it doesn't stabilize during a pullback, it can easily break through previous lows.

ETH is still under observation, but we can see that BTC has been progressing quite systematically. Isn’t this the most perfect and simplest pattern in technical analysis, where highs continuously break previous highs and lows consistently break previous lows? Other indicators have also adjusted perfectly. Once a trend is formed, it is hard to change. I am optimistic about BTC breaking new highs.

For those who really want to play the role of a short seller like Soros, I suggest you look for altcoins with no solid fundamentals to short (for example, don’t short the DeFi series; although BTC may seem to bleed when it rises, it is also a signal of a bull market. DeFi is like brokers in a big bull market, and shorting them is purely aiming to lose a bit more). Don't think about shorting BTC. Moreover, if there is indeed a downturn, those altcoins will likely drop more than BTC, with a larger profit margin.