Ansem: Market to see short-term pullback, bearish on BTC, ETH, and large-cap tech stocks, expects increased market volatility in Q4.

October 26 - Well-known crypto trader Ansem posted that he is bearish on Bitcoin, Ethereum, and large-cap stocks, believing that BTC and ETH have broken below their medium-term trendlines, and that BTC and ETH will accelerate their declines below $82,000 and $2,400, respectively.

Ansem pointed out that this week's Federal Reserve interest rate meeting and important earnings reports from multiple companies will bring significant event risk, and he expects two-way volatility to intensify in the fourth quarter, though some on-chain assets may still perform well.

On the U.S. stock market side, he believes that the previous parabolic rally in AI hot stocks may be nearing a阶段性 top, and the previous breakout in the Nasdaq 100 may also have been a false breakout. As AI companies continue to invest massive capital expenditures, investors will pay closer attention to whether these investments can be converted into actual revenue and profits. The stock price decline after Meta's earnings report, as well as market concerns about the safety issues of current AI models, have further exacerbated uncertainty.

However, Ansem emphasized that he is not bearish on the longer cycle, and his current judgment is that the market may first experience a round of correction before resuming its upward trend.