I went to bed early last night, and when I got up this morning, my DMs had exploded. A lot of people got wiped out by ETH’s huge bullish candle.

Those of you in the trading group know that when my last short position reached 64,800 to 64,000, I took my first profit and moved the stop-loss to breakeven. After that, I didn’t open any more positions.

I’ve been saying for the past week or two that we would see BTC reach 70,000, and this has further confirmed my prediction. Based on my years of trading Bitcoin and Ethereum, I know that every sharp rally or plunge is unlikely to be followed by the opposite trend. Most likely, a sharp rally will continue higher, a sharp plunge will continue lower, or the market will move sideways.

I’ve also repeatedly emphasized that the bottom of the bear market has not yet formed. When the market falls to the next bottom, there will be another rally.

That rally has already happened. I believe that within the next two or three months, everyone will see the true bottom of the bear market. However, there will definitely be another rally that drives longs to despair and forces shorts to retreat, followed by another major bearish candle.