8.2 Perspective Update

Since buying the dip in U.S. stocks on April 7, I have been bullish on both U.S. stocks and the cryptocurrency market. However, yesterday I felt a hint of danger for the first time, reducing most of my positions and expressing a bearish viewpoint for the following reasons:

1. BTC chose to break down after consolidating for over ten days.

2. Microsoft/Meta opened significantly higher but then declined, with Coinbase plummeting after hours. This wave of increases began with a sharp decline due to uncertainties from the trade war, and after the trade agreement eliminated those uncertainties, profits began to be realized.

3. The magnitude of BTC's new highs is getting smaller. After BTC broke 110,000, it started to pull back at 123,000, indicating that prices above 120,000 are already lacking appeal.

Regarding the future market outlook:

1. We are currently in for a deep correction; 123,000 for BTC may not be the highest point, but it falls within the upper range.

2. ETH will be the only cryptocurrency I firmly remain bullish on; after a correction, it still has a high probability of breaking 4,000 or even reaching a historical new high. ETH will draw liquidity from altcoins, while the SOL ecosystem will collapse.

3. The cryptocurrency market has not absorbed liquidity from U.S. stocks; on the contrary, U.S. stocks have withdrawn liquidity from the cryptocurrency market through ETFs/crypto stocks, and the performance of U.S. stocks will be much better than that of the crypto market.