Ansem: Stock Index and Storage Sector May Have Peaked in the Short Term, Expecting Bullish Divergence in the Crypto Market
BlockBeats News, June 27th - Cryptocurrency KOL Ansem posted, stating that he still maintains his previous opinion, believing that the stock market index and storage sector have likely peaked in the short term at their current levels. The third quarter will begin next week, and the market may experience volatility early in the third quarter. He believes that the crypto market, especially BTC and SOL, has already priced in many bearish factors in advance, so he expects a potential bullish divergence in price action. However, if the stock market weakens early in the third quarter and triggers a selloff in the crypto market, he would not be surprised.
Ansem mentioned that HYPE is expected to continue to perform well but may also experience a pullback along with the overall market. He cautioned that the worst-case scenario is being liquidated at the bear market bottom before the rebound of all assets, so caution is advised when longing with leverage. For spot trading, he believes that the current situation is close to the bottom, and it is not worth overtrading. The third quarter will be a suitable stage for accumulating positions.
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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