Ansem: Tech stock pullback is underway, but the market may be pricing in overly pessimistic expectations

Odaily reports: Crypto trader Ansem posted that his previous bearish view on US stocks was mainly due to expectations of a tech stock pullback, and this trend has now begun to emerge. In recent market corrections, panic sentiment tends to be quickly reflected in prices, and concentrated selling by investors may cause prices to reach important support levels faster than expected. Against the backdrop of persistent uncertainty surrounding AI prospects, geopolitics, and the overall market, the market may have priced in more pessimistic expectations than the actual situation warrants. He is currently watching price action near key support levels and believes that as selling pressure weakens, market sentiment could shift rapidly.