One widely discussed view recently is that when the profitable position ratio exceeds 70%, BTC is above its 200-week moving average, and the RSI is also above 50, the trend appears to be bullish. However, I’m relatively cautious about the idea of a “quantitative easing restart,” because it is more of an extension of macro narratives, and the data itself does not directly support that conclusion. I’d rather first focus on two hard indicators: the profitable position ratio and the moving averages, while treating the rest as background noise.