We are within a major upward trend and have gone through 3 simple phases in it:

The first phase is called Accumulation and has been present for days and so far in most altcoins.

The second phase is called Manipulation or sudden movements that occur during the sessions of the New York and London Stock Exchanges and during weekends, aiming to create liquidity areas to be liquidated later, as happened yesterday. Simply put, in this phase, futures positions are liquidated to bring additional liquidity that drives Bitcoin to a new peak, and this leads us to the third phase.

The third phase is called Expansion, which is when the market shoots up rapidly in one direction, and this is what we are expecting from the second wave.