Analysts from Tom Lee's fund: Disagree with the argument that "the current market has peaked"

On November 2, Mark Newton, an analyst at Tom Lee's fund, stated that he disagrees with the current community's argument of “using technical indicators to assert that crypto assets have peaked.” His reasons are as follows: 1. The Elliott Wave structure has not shown any signs of a peak. 2. The monthly DeMark signal has not been triggered. 3. The sideways consolidation has weakened momentum, which always leads to the MACD turning negative, but in this case, due to the lack of wave confirmation of a sharp five-wave decline from the peak, no definite conclusion can be drawn. 4. The medium-term trend has not been broken (since 2022, prices have continued to rise, and the peaks have also been consistently higher). 5. Market sentiment is far from the levels that typically indicate a significant peak in the crypto assets market. It is worth noting that although Mark Newton has made accurate predictions about Ethereum's trends multiple times in the past, since September, his optimistic view on Ethereum has been at odds with the actual market movements.