Some fans asked me why, despite the majority of the community being bearish, I am bullish? Here, I, Hongshen, will briefly discuss my thoughts. We can observe that the recent situation with Bitcoin has not seen a significant drop due to the so-called negative news from the Middle East and the rhetoric of Trump and Musk; the lowest volume only reached the 100,300 level, and afterwards, the bulls made a strong comeback. In fact, there is a lot of data to support this. Currently, the ETF inflow situation continues, and MSTR is still increasing its holdings, so various signs indicate that a larger surge is yet to come.

Therefore, Hongshen's recent strategy has been to buy on dips. I have mentioned each time that every dip is an opportunity for us to go long. From the perspective of the Chande theory, what we are currently observing is a weekly upward structure. People often ask if 111,980 is the historical high of this bull market? Hongshen clarifies here that it is impossible, 99.99% of the time it is not the historical high because it has not completed the weekly upward structure.

Now let's talk about Ethereum. I have repeatedly mentioned that my expectations for Ethereum are greater than for Bitcoin. Currently, Ethereum's structure has completed the central upgrading of 9 steps, and the structure is very clear; breaking through to new highs only requires a key opportunity. However, most people trading contracts are doing so for the short term. If you hold spot, you don’t need to worry about the volatility brought by short-term adjustments; you can simply buy more on the dips. Holding contracts with a light position for the long term is definitely not a problem. If you have the courage to hold Ethereum spot for 3-5 years, by then, if you still remember this figure, Hongshen, you will definitely come to thank me.

The altcoin season will definitely come, maybe now or in the third quarter, but we just need to remember to have a plan in mind, and we can move forward without worries.

Now let's talk about the Federal Reserve's interest rate cut tonight. My view is also quite clear; I expect them to cut rates. The market predicts a 90% probability that they will maintain the status quo. What’s the difference? Whether they cut rates or not, both are actually favorable; this point needs to be clarified. If they cut rates, it will be even more favorable, and if they do cut rates, it will accelerate the arrival of this weekly upward structure. #BTC #ETH