Morgan Stanley turns bullish: correction nearing its end
- Morgan Stanley’s Michael Wilson believes the three-month correction is entering its final phase. In similar historical situations, quality stocks outperformed by 7.5% over the following year.
- In crypto, watch the correlation between BTC and the Nasdaq, as well as the ETH/BTC exchange rate. When risk appetite recovers, funds typically flow back into BTC first, then spill over into ETH and SOL.
In the short term, BTC is holding above the daily midline, raising the odds of filling the gap above. If it breaks below, the bottoming process will likely drag on. ETH and SOL need BTC to show direction first. Would you dare place limit orders to add at this level, or wait for a pullback confirmation?
$BTC $ETH $SOL
- Morgan Stanley’s Michael Wilson believes the three-month correction is entering its final phase. In similar historical situations, quality stocks outperformed by 7.5% over the following year.
- In crypto, watch the correlation between BTC and the Nasdaq, as well as the ETH/BTC exchange rate. When risk appetite recovers, funds typically flow back into BTC first, then spill over into ETH and SOL.
In the short term, BTC is holding above the daily midline, raising the odds of filling the gap above. If it breaks below, the bottoming process will likely drag on. ETH and SOL need BTC to show direction first. Would you dare place limit orders to add at this level, or wait for a pullback confirmation?
$BTC $ETH $SOL