Throughout history, there have been many cases where favourable information was followed by a sideways market and then a major breakout. For example, when Musk announced that TSL purchased BTC, or when big figures mentioned Blockchain, or more recently, when Trump announced on his media over the weekend that various mainstream assets would also become national reserves, etc.

Actually, these events are not easy to judge in a bull market whether it should be sell the news. Because some are favourable information that is released continuously, this time Powell released a good signal for interest rate cuts, which can also be interpreted as continuous favourable information paving the way for a rate cut in September.

However, now that the price has really come down, we should consider whether there is a possibility of a major top, especially at this turning point where it has dropped back after breaking new highs under Favourable Information, indicating a shift from joy to sorrow. We should turn around and see if there will be a deep correction.