"Had a chat with a big shot in U.S. stock trading worth millions, mainly about BTC and U.S. stocks. For now, we might be at point A (this pace is already faster than the last cycle). Midterm elections + massive money printing and liquidity next year + at least one more rate cut expected within the year (currently 55/45 odds) = bear market cycle might be shortened. Conclusion: 1. The typical 1-year bear market cycle in crypto might be compressed to 6-9 months. 2. During the downtrend, rebounds are generally weak, and all rebounds are selling opportunities. 3. The fear index will fluctuate in the 15-35 range at the bottom; don’t rely too much on the index for bottom fishing. 4. No one knows the exact bottom. Instead of giving you a range, it’s better to focus on key price levels to assess demand strength (all round number levels are key points). 5. For U.S. stocks, the storage concept has about one month left—or let’s say I’ll hold for another month. After that, there’s at least 3-6 months to exit. Big cycle supercycle rotation is in play. 6. AI is still in a mid-term rhythm. Right now, it’s a healthy correction, not the bursting of the 2000 internet bubble. The AI bubble’s late stage might come after OpenAI’s IPO." #Crypto #BTC #AI #Stocks #BearMarket #OpenAI