Trader Eugene: Bearish Bias Disproved, Looking for Bullish Opportunities in Altcoins
Powered by ChatGPTBlockBeats news, on April 22, top trader Eugene Ng Ah Sio posted on his personal channel stating, "Bitcoin has broken through 90 thousand USD, and the price has climbed to my wall of concern. My bearish bias has basically been negated. If this continues, I will look for bullish opportunities in altcoins. The frenzy market sentiment will make a comeback across a wide range of altcoins, and I will dig deeper again."
Recently, Eugene posted, "I have closed my Bitcoin short positions at breakeven. The market is showing strong momentum again and is actually continuously reclaiming the previous trading range. I have to confront my bearish bias, especially during the tariff panic period, altcoins seem to have bottomed out. Currently, I am in a contradictory state: logically, I think there is a lack of momentum for further rise, but the price trend keeps denying this judgment. Ultimately, I need to face this deeply rooted bearish tendency. I choose to remain inactive and keep my net position hedged."