Eugene: Long on Bitcoin and some small-cap altcoins
BlockBeats News, December 26th, trader Eugene Ng Ah Sio stated in a post on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. Now that almost everyone is taking a holiday break, even the big whales are on the sidelines, not taking the bait. The price (of Bitcoin) has failed to effectively drop below $84,000. The entire market's volume has completely collapsed, and sellers are quite exhausted.
As long as a few large buyers enter the market, the thin order book will be easily torn apart. "The upward space for longing below 90k is quite good, with a clear stop-loss level. I prefer to test the waters here now, rather than hesitate and be indecisive at 95k or even 100k. In addition, January has historically been a very volatile month, and I bet that as December ends, this volatility will return in some form."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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