Trader Eugene: The price trend in the coming days will determine the medium to long-term direction of Bitcoin

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media, "The price movement in the next few days will be very critical, determining the mid-term and long-term direction of Bitcoin.

Although Michael Saylor was an initial buyer of Bitcoin in the range of $59,000 to $63,000, if the Bitcoin price can maintain above $63,000, it means the net direction of the market is upward again. If it falls below that level, the market may return to a sideways trend.

I believe the current situation is a 60-40 probability that has entered a new phase, but this will be the first real test."