Pro's - Breaking ATH has a well established pattern of leading to consolidation and then higher moves.
Clear descending wedge. Clear support. Low risk R/R entries can be post exiting the wedge on the upper trend line, or, if we revisit support, entries off of the lower trend line.
Con's - This is pre halving ATH which is unprecedented. Arguably this is due to broader base demand but it doesn't quite fit the pattern. Pre halving is generally less bullish.