PANews
PANews|Apr 15, 2025 08:32
Analyst Eugene: The cryptocurrency market is still in a bear market and tends to seek short selling opportunities for altcoins during a rebound Crypto analyst Eugene stated that his market judgments over the past month have not been effective due to the shift in price drivers from industry-specific to macroeconomic factors in the crypto market. He used to believe that he had a keen insight into market trends, but recently he has felt a deviation. Since March, his trading volume has decreased by an average of 60-70% compared to before, and he is basically in a break even state. Eugene plans to continue maintaining low trading volume and tight stop loss until market trends are favorable to him again. He emphasized that the macro trend of the cryptocurrency market remains unchanged and is still in a bear market. He tends to look for opportunities to short non BTC altcoins during bear market rebounds, as these currencies have not yet reached deep value ranges.
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