10x Research: Unlike the long-term bear market of 2021/2022, we are currently in a shorter "mini bear market" cycle

10x Research has stated that, unlike the long-term bear market of 2021/2022, we are currently in a shorter mini bear market cycle pattern, interspersed with sharp rebounds. 10x Research said "We urge caution in March/April 2024, which is as contrary to our extremely bullish stance in late September 2024. Although we maintained a bullish outlook before Trump's inauguration ceremony, we quickly reversed this view as circumstances changed."