Ansem Is Bearish on BTC, ETH and Large-Cap Stocks, Expects Pullback Before Uptrend Resumes

On Oct 26 that Ansem (@blknoiz06) stated he is bearish on BTC, ETH, and large-cap stocks, believing BTC and ETH have broken below their medium-term trends. If BTC falls below $82,000 and ETH drops below $2,400, the downward momentum may accelerate. In his replies, he noted that his outlook for SOL aligns with this view.

He believes AI momentum stocks have completed parabolic rallies, subsequently forming lower highs and losing their upward trend. Large-cap technology stocks are stalling near historical highs, and prior breakouts in Nasdaq-linked assets have turned into false upside breakouts. He also points out that the next driver of revenue growth in the AI sector remains unclear, as the market has previously committed substantial capital expenditures toward training models. Investors will now closely monitor how these investments translate to actual corporate profits. He views Meta’s decline following last week’s earnings report as a warning signal and raises concerns about potential internet security risks associated with AI models.

Ansem forecasts that the market will experience highly volatile swings in both directions throughout the fourth quarter. Retail speculative fervor is not expected to cool markedly, and select on-chain sectors may continue to perform well. He warns that this week’s Fed rate decision and earnings releases from several key companies could trigger event-driven risks. He also maintains a bullish stance on the longer timeframe, suggesting the current price action is more likely a temporary pullback before resuming its upward trajectory.