Viewpoint Update

Since buying the dip in US stocks on April 7th, I have been bullish on US stocks and the crypto market. However, yesterday I felt a slight danger for the first time, reduced most of my positions, and published a bearish viewpoint for the following reasons:

1. After more than ten days of consolidation, BTC chose to break down

2. Microsoft/Meta opened significantly higher but then declined, and Coinbase plummeted after hours. This wave of growth began with the sharp drop caused by uncertainties in the trade war, and after the trade agreement eliminated 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 retrace at 123,000, indicating that prices above 120,000 lack attractiveness

Outlook for the future market:

1. Currently, we will see a deep correction; BTC at 123,000 may not be the highest point, but it is within the upper range

2. ETH will be the only cryptocurrency I am firmly bullish on; after the correction, it still has a high chance of breaking 4,000 or even reaching a historical high. ETH will suck the life out of altcoins, and the SOL ecosystem will collapse

3. The crypto market has not absorbed the liquidity from US stocks; instead, US stocks have withdrawn liquidity from the crypto market through ETFs and crypto stocks. The performance of US stocks will be much better than that of the crypto market.