Analyst Eugene: The Cryptocurrency Market is Still in a Bear Market, Preferring to Look for Shorting Opportunities in Altcoins During Rebounds
PANews, April 15th: Cryptocurrency analyst Eugene stated that since the price drivers in the crypto market have shifted from industry-specific factors to macroeconomics, his market assessments over the past month have not been effective. He once believed he had keen insight into market trends, but recently feels somewhat off track. Since March, his trading volume has decreased by 60-70% on average compared to before, and he is mainly at a break-even point.
Eugene plans to continue maintaining low trading volume and tight stop-losses until the market trend becomes favorable to him again. He emphasized that the macro trend of the cryptocurrency market remains unchanged and is still in a bear market. He prefers to seek opportunities to short non-BTC altcoins during bear market rallies, as these coins have not yet reached deep value ranges.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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