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If this is the bottom, it will likely involve at least three months or more of wide-ranging consolidation and shakeout. Therefore, I don't think those who haven't bought yet are in a rush. We've already reached the extreme scenario described above, so having some open orders here might be worthwhile. On the other hand, I'm hesitant to buy into many US stocks. The brutality and duration of consolidation in the US stock market are comparable to that of Bitcoin. Currently, Bitcoin is essentially just one sector within the US stock market. We should wait for sector rotation. Many sectors that have already been hyped are currently in a high-level consolidation phase.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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