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ETH $2,305.23 -1.45%
BNB $625.05 -0.04%
XRP $1.42 -1.42%
SOL $85.16 -1.42%
TRX $0.3284 -0.59%
DOGE $0.0947 -0.60%
ADA $0.2474 -0.81%
BCH $441.93 +0.03%
LINK $9.24 -0.84%
HYPE $41.07 -5.88%
AAVE $89.98 -3.12%
SUI $0.9422 -2.10%
XLM $0.1687 -1.49%
ZEC $308.26 -7.72%

Trader Eugene: The bearish tendency is negated by the price movement, entering a contradictory state for trading

2025-04-20 08:51:25
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ChainCatcher news, top trader Eugene Ng Ah Sio posted on his personal channel, "I have closed the Bitcoin short position opened this morning at the breakeven point. The market is showing strong momentum again, actually continuing to recover the previous trading range. I have to confront my bearish bias, especially during the tariff panic, as altcoins seem to have bottomed out. I am currently in a contradictory state: logically, I believe there is a lack of momentum for further increases, but the price action continues to negate this judgment. Ultimately, I need to face this deeply rooted bearish tendency."

Trader Eugene stated around 1 AM today, "I have re-established the BTC short position, the strategy is simple and direct. Entering at $85,400, with a target price below $80,000."

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