The analysis suggests that the speaker agrees with Morgan Stanley's Mike Wilson, indicating we have entered a new bull market. Capitulatory events like those seen on the chart typically mark the bear market's end, leading to a multi-year bull run. This is a typical occurrence at the start of a new four-year term of the S&P 500. Bitcoin is projected to reach 360,000 based on chart analysis, and Ethereum has broken its grind line and, after a pullback, is expected to continue toward 14,000. Positive factors that help this analysis is the general technicals and regulators helping those factors. The current lacklustre period is expected to give way to spectacular performance in October, November, and December. Altcoins are deemed well-positioned, benefiting from their situation during phase two.