Analyst Eugene: The crypto market is still in a bear market and tends to look for shorting opportunities in altcoins during rebounds

PANews reported on April 15 that crypto analyst Eugene said that his market judgment in the past month has not worked because the price drivers of the crypto market have shifted from industry-specific to macroeconomic. He used to think he had a keen insight into market trends, but recently he feels a bit off. Since March, his trading volume has dropped by 60-70% on average from before, and is basically at a break-even point. Eugene plans to continue to maintain low trading volume and tight stop loss until the market moves in his favor again. He emphasized that the macro trend of the crypto market has not changed and is still in a bear market. He tends to look for shorting opportunities for non-BTC altcoins when the bear market rebounds because these currencies have not yet reached a deep value range.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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