Trader Eugene: Strong altcoins have reached the bottom, but it is still unclear whether the bottom of most assets has arrived

Trader Eugene stated on his personal channel that the current market has entered the fifth stage of the chart (long losses, price consolidation, shrinking trading volume and volatility). At this stage, some strong altcoins have reached the bottom, but it is still uncertain whether the bottom of most assets has arrived. This stage is the stage in which Eugene himself is least involved, mainly because the volatility is very low whether it is rising or falling. I will only try to select one or two targets that I believe are more defensive than ordinary altcoins, hoping that if I make a mistake in my bearish judgment, they can perform better, but that's all. The tricky part of the fifth stage is the uncertainty of its duration. In my personal opinion, considering the lack of structural damage (no companies or projects going bankrupt), I won't stay in this stage for as long as the previous cycle, but this is just my speculation. The cryptocurrency market may continue to follow the trend of the stock market for a period of time.