Loading...
[Ansem Bearish on BTC, ETH, and Large-Cap Stocks, Expects Correction Before Further Rally] According to TechFlow, on October 26th, Ansem (@blknoiz06) posted that he is bearish on BTC, ETH, and large-cap stocks, believing that BTC and ETH have broken below their medium-term trends. He predicts the decline could accelerate if BTC falls below $82,000 and ETH below $2,400. He echoed this view on SOL in a reply. He believes that AI momentum stocks have experienced a parabolic peak, followed by lower highs and a loss of upward momentum. Large-cap tech stocks are stagnating near all-time highs, and the previous breakout in Nasdaq-related stocks has turned into a false breakout. He also points out that the next wave of revenue growth in the AI industry remains unclear, and the market has invested heavily in training models; investors will focus on the actual impact of these investments on corporate profits. He viewed Meta's decline following last week's earnings report as a signal, and mentioned the potential internet security risks posed by AI models. Ansem predicts significant two-way volatility in the market during the fourth quarter, with retail speculative enthusiasm unlikely to cool significantly, and some on-chain sectors potentially performing well. He cautioned that this week's Federal Reserve interest rate meeting and earnings reports from several major companies could bring news-related risks. He also stated that he is not bearish on the longer term, believing that the current situation is more likely a correction before further upward movement.