Ansem: Seasonal Factors Combined with CPI Will Cause Continued Correction in US Stocks, But Not an Immediate Shift from Tech Stocks to Crypto
BlockBeats News, June 10th, Cryptocurrency KOL Ansem stated that the upcoming CPI data, next week's first FOMC meeting under Powell, and the dot plot overlaying the stock market's sustained strength and summer seasonal factors may trigger a risk-off market and establish a bottom in the coming months.
Ansem also believes that there will be no rotation of funds from tech stocks to BTC or ETH at the moment, and specifically mentioned that MSTR stock is extremely weak with insufficient support below.
This morning, Ansem stated that he shorted ETH at $1640, plans to add to his position in the $1680-1700 range, with a stop-loss at $1735.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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