The Nasdaq's current upward slope is unusually steep; although it's not purely speculative like in 2000, with AI fundamentals supporting it, this kind of "angled surge" often appears in the late stages of a bull market or during emotional outbursts. It tends to cause people to relax their vigilance based on fundamentals, leading to sustained short squeezes. Many are afraid to chase the gains and can only watch as prices rise.

If the Nasdaq experiences a significant correction in the future, how will the crypto market react? Currently, BTC has become deeply linked to US stock risk appetite through ETFs and institutional funds, turning it into a high-volatility risk asset—amplifying gains when US stocks rise and falling faster when risk appetite declines. Therefore, if the Nasdaq truly adjusts, the crypto market will find it hard to remain unaffected; the debate is whether BTC will fall directly along with it or endure a period of holding before catching up.

Personally, I believe that in the second half of this year (around the US midterm elections), US stocks will experience a correction, and the crypto market will decline in tandem. Only then will a real big opportunity emerge. #Gate广场五月交易分享