Ansem Turns Bearish on Bitcoin and Ethereum: Market May Pull Back Before Rallying, AI Stock Momentum Already Fading

Odaily report: Crypto trader Ansem posted that he is currently bearish on Bitcoin, Ethereum, and large-cap stocks, though he does not believe retail speculative activity will cool significantly as a result. He expects the market to see sharp two-way volatility in Q4, with some on-chain assets still likely to perform well.

Ansem noted that this week's Federal Reserve interest rate decision and major earnings reports from several companies will bring significant event risk. AI momentum stocks have formed lower highs after their run-up and lost their prior trend. However, he said this is not a call for a bearish longer-cycle market outlook—the market may still experience a pullback first before continuing its uptrend.