Odaily News Traders Eugene stated that after BTC was repeatedly blocked near 110,000 USD, the market overall remains in a range oscillation between 100,000 to 110,000 USD, while altcoins have begun to stagnate and consolidate. In the absence of new highs for BTC, it is expected that Total3 market capitalization will slowly decline, with unlocking pressure continuing to affect the market. Dove mentioned that he has significantly reduced trading frequency, focusing only on high cost-performance setups, emphasizing that stop losses must be tight and chasing the price is prohibited.
He also released a chart indicating that the total market capitalization of crypto (excluding BTC and ETH) has not yet reached the key value zone, deep value zone, or extremely deep value zone. Therefore, at this stage, he will maintain a light position in spot trading, primarily focusing on short-term strategies.
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Trader Eugene: alts have not reached the value zone, focusing on Light Position and short-term at this stage.
Odaily News Traders Eugene stated that after BTC was repeatedly blocked near 110,000 USD, the market overall remains in a range oscillation between 100,000 to 110,000 USD, while altcoins have begun to stagnate and consolidate. In the absence of new highs for BTC, it is expected that Total3 market capitalization will slowly decline, with unlocking pressure continuing to affect the market. Dove mentioned that he has significantly reduced trading frequency, focusing only on high cost-performance setups, emphasizing that stop losses must be tight and chasing the price is prohibited. He also released a chart indicating that the total market capitalization of crypto (excluding BTC and ETH) has not yet reached the key value zone, deep value zone, or extremely deep value zone. Therefore, at this stage, he will maintain a light position in spot trading, primarily focusing on short-term strategies.