Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Trader Eugene: Restarting BTC short position, but the strong market forces me to re-evaluate my short-term thinking

Trader Eugene: Restarting BTC short position, but the strong market forces me to re-evaluate my short-term thinking

CointimeCointime2025/04/20 02:22
By:Cointime

On April 20th, trader Eugene stated that he has reestablished a short position in BTC near $85,400, with a target of breaking below $80,000. He had previously exited at breakeven point, but noted that the market continues to show strong momentum, gradually recovering the old range. Eugene admitted that despite logically judging the lack of further upward momentum in the market, price action continues to deviate from expectations, forcing him to confront his own negative biases. He also mentioned that various altcoins may have already bottomed out in the tariff panic.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin

ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.

DeFi Planet2025/04/25 22:11
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin

OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million

According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.

DeFi Planet2025/04/25 22:11
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million

Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash

The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.

DeFi Planet2025/04/25 22:11
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash