Ansem says market may correct in the short term, bearish on BTC、ETH and large-cap technology stocks
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AT A GLANCE
Ansem believes that BTC、ETH and large-cap technology stocks may correct in the short term, with two-way volatility potentially intensifying in the fourth quarter.
Article
Ansem: The market will undergo a short-term correction, bearish BTC、ETH and large-cap technology stocks, with market volatility expected to intensify in the fourth quarter
BlockBeats reported that October 26, renowned crypto trader Ansem posted that he is bearish on Bitcoin, Ethereum, and large-cap stocks, believing that BTC and ETH have fallen below their medium-term trend lines,BTC and ETH will accelerate their declines below 82,000 USD、2,400 USD respectively.
Ansem pointed out that this week's Federal Reserve policy meeting and important earnings reports from several companies will create significant event risk. He expects two-way market volatility to intensify in the fourth quarter, although some on-chain assets may still perform well.
Regarding U.S. stocks, he believes that AI popular stocks' previous parabolic rise may be nearing a short-term top, and that the Nasdaq 100 previous breakout may also have been a false breakout. As AI companies continue to make massive capital expenditures, investors will pay greater attention to whether these investments can translate into actual revenue and profits. The decline in Meta's share price after its earnings report, along with market concerns about the safety of current AI models, has further heightened uncertainty.
However, Ansem emphasized that he is not bearish on the longer-term cycle. His current view is that the market may first experience a correction before resuming its upward trend.
Original link https://m.theblockbeats.info/flash/373789
Key points
01
BlockBeats reported that October 26, and crypto trader Ansem posted that he is bearish on Bitcoin, Ethereum, and large-cap stocks.
02
Ansem believes that BTC and ETH have fallen below their medium-term trend lines, stating that both may accelerate their declines below 82,000 USD、2,400 USD.
03
Ansem said that this week's Federal Reserve policy meeting and important earnings reports from several companies will create significant event risk.
04
Ansem expects two-way market volatility to intensify in the fourth quarter, although some on-chain assets may still perform well.
05
Ansem believes that AI popular stocks may be nearing a short-term top, and that the Nasdaq 100 previous breakout may also have been a false breakout.
06
Ansem said that he is not bearish on the longer-term cycle, believing that the market may first correct before resuming its upward trend.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a trader's personal view of market trends: he believes that BTC、ETH and large-cap technology stocks face short-term downside pressure, while important meetings and earnings reports may make price fluctuations in both directions more intense; however, he remains relatively positive on the longer-term cycle.
Why it matters to readers
If market volatility intensifies as he predicts, people holding the relevant assets may face greater short-term price fluctuations. The 82,000 USD and 2,400 USD mentioned in the article are the price ranges he is monitoring and do not mean that prices will necessarily move according to the forecast.
Beginners should treat this type of content as a market opinion rather than a definitive conclusion and should not chase rallies or sell in panic based solely on a single trader's forecast; they may focus on monitoring BTC、ETH price movements, as well as the outcomes of relevant meetings and earnings reports.
Risks and unknowns
The evidence only relays Ansem's views and has not independently verified that BTC and ETH have fallen below their medium-term trend lines.
BTC Whether declines will accelerate after 82,000 USD falls below, and after ETH falls below 2,400 USD remains uncertain.
It remains uncertain whether market volatility will intensify in the fourth quarter and whether some on-chain assets will perform well.
AI Whether popular stocks are nearing a short-term top and whether the Nasdaq 100 was a false breakout has not been confirmed.
Related Developments
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The available evidence cannot confirm whether the market will resume its upward trend after the current correction.
Related concepts
medium-term trend line
This term is not in the glossary yet. Browse related concepts in the glossary.
